It seems like this is hurting my options (no surprise) but I am being told it makes the idea of buying a home through non-traditional financing methods and then doing a cash-out refi impossible.

Need options.

So we decided to do lease options instead.  

You could look into a secured line, which might open options and offer better terms.

Any body have options for a 5% down mortgage on a 575k purchase price for owner occupied home in Lake Tahoe, California?  

Entities like S-Corps and LLCs are just a few options I've read about on the BP blog, but no articles seem to really dive into them.

Entities like S-Corps and LLCs are just a few options I've read about on the BP blog, but no articles seem to really dive into them.

Assuming your mortgage is non-assumable, they bank has the option to call the loan due upon change of title.  

You're only option for getting out of them if you don't like them is generally to give them back to the seller.  

Hopefully that never happens to you and it doesn't happen to a lot of good investors, but you need to know that there are no counter-options for you to take if you're not registered in that state, typically through an LLC.