Purchase price: $135,000 Cash invested: $27,000 First Oxford House rental, previous landlord wanted to liquidate and move on to greener pastures.Cash flows 500$ a month.

Commercial non-recourse construction loan.

If they do comply with the fee they will be leaving at end of lease, voluntarily or by you non renewing their lease.

By doing this, you will get the best rates and terms.2) Refinance the loan with a Non-QM or portfolio lender.

They also can have high HOA’s and rental restrictions so you have to be careful. 

Just send them a notice of non-renewal within the legal time frame.

Non-conventional money is best borrowed thru relationships.There are a ton of legitimate lenders out there and he safest way to develop a relationship is face-to-face.

Based on my holdings in the area, I usually spend at least a few thousand a year in fixing things up (I usually get hit with at least 40% of rent for all non debt costs). 

I'm looking to meet my equity requirement with non-liquid assets. 

https://barneswalker.com/seller-financing-restrictions-under-the-dodd-frank-act/ I understand Dodd-Frank more on how it applies to "traditional" lender financing, but if you have any specific questions I'd be glad to help.