From what he has told me, he put $150K into the rehab and has a reno loan payment of $1200/month that he can't afford.

I spoke with the bank about given us an extra month or two before starting to pay the mortgage cos I can not afford to pay two mortgages at the same time.

I spoke with the bank about given us an extra month or two before starting to pay the mortgage cos I can not afford to pay two mortgages at the same time.

Great, show me that your mortgage production numbers are greater than my own and I'm all over it.

However, you might have to sell a kidney or several pints of plasma to afford the Pex fittings.

I can’t afford to invest in the area I currently live so I’m trying to find other options. 

So are Tenants in common products and Delaware statutory trusts.  

Single-family homes are generally more affordable and due to the higher demand and focus, they tend to appreciate more than MFHs.The valuation of single-family properties focuses more on supply and demand factors while MFHs are valued based on the rental income and the conditions of the property itself.

Usually the bigger ones who lend nationwide have more products and options for you to choose from.What kind of lending are you looking for specifically?

If you can afford 5% down, consider looking into those loan products as they can often remove PMI once you get to 20% equity whereas FHA PMI stays on for the life of the loan