Hard money to finance DP on owner carry deal, how to pay back?

[Scott S.]

I'm looking at a 16 unit building that is going to require 100-140k in renovations. The seller is willing to do owner carry financing if the terms are good, but I don't have enough liquid to finance the down payment and renovations. I'm considering borrowing hard money to cover the initial costs then paying for the renovations out of pocket (or borrowing hard money for all expenses to keep my cash in pocket). My hard money terms are going to be 10% and one year to pay back. After I establish the building and a revenue stream can I get a loan or HELOC to pay back the hard money? What are the exit strategies to pay back my high interest loan?