Ultimately, there will be no cheaper or easier route to do what you're trying to do for purchase of a fixer upper primary residence than a homestyle or 203k. 

Our first house is definitely a fixer-upper, and we are in the process of renovation. 

The upper unit is 4 bedrooms.

I have to finish remodeling the upper unit (my unit) and the lower unit lease was just renewed, they're quiet, pay on time, low maintenance, been there for ten years and we just renewed.

It's located in the Riverwest Neighborhood it's an upper/lower 3-1 bath per unit layout.

I'd prefer my first one not be a full demo fixer upper.

I feel the properties being fixer uppers to rent long term is where I fall.

Target a fixer upper that is cosmetic and you'll do great.

I have to finish remodeling the upper unit (my unit) and the lower unit lease was just renewed, they're quiet, pay on time, low maintenance, been there for ten years and we just renewed.

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?