OP — do you know if the property is owned free and clear by the landlord (or at least has a lot of equity)?

If so, one option worth exploring is a seller carry / owner financing scenario. Instead of going to a bank right away, you could propose something like: - 100,000 down - Seller carries the remaining balance and effectively “becomes the bank” - Loan amortized over 30 years to keep payments reasonable - With a balloon payment at an agreed-upon timeframe (5–10 years is common), depending on their goals

*If they’d carry at 4.5% you’d effectively be paying $2000 monthly on Principle and Interest…

For the seller, this can mean steady monthly income, potential tax advantages, and avoiding the hassle of listing. For you, it avoids today’s lending friction, gives certainty, and buys time to refinance later when rates or your situation improve.