Have you already secured financing for this deal, or are you still evaluating options?

There are land only options out there. 

Lease options can work really well, but they do take some careful planning.Screen tenants like buyers.

This is akin to robbing Peter to pay Paul and end up costing more than credit card debt in most cases. 

Hey everyone,Looking for help for a client.The deal itself is solid on paper but the borrower is in need of a non recourse option because he invested using his self directed IRA.  

Hi @Johnnie Fair, given those options, I’d lean toward the HELOC >DSCR route if your HELOC capacity is solid.

We went to a 3-day training on lease options and decided to give lease options a try.

We worked out a lease option deal whereas the renter will rent the home with option to purchase in the future, put down $25K for the option and pay 3x the current rental amount with some of that money paying down the house all with a 3-year balloon and 3-year lease agreement.In this scenario Renter can purchase the home at the end of the lease at a predetermined price favorable to owner, renter lowers their existing monthly output by over $8K per month, owner gets a quick $25K and substantially more rental income over next few years and if renter defaults owner keeps $25K and additional rental income. 

I'm interested in knowing what options there are for alternative financing (stay away from $5,000 closing costs, ridiculous fees).

It was becoming a pain with busy life so option was to keep blindly paying for repairs etc. or a way to quickly figure out these things.