How to finance a Multifamily/mixed use with no NOI (empty)?

[Danielle D.]

All,

I'm looking at a rundown mixed use 4 unit upper, retail lower.  Tenants currently don't pay rent (because no one enforces it - building owner has died).  I'd evict, gut it, renovate and rent.  Is my only option hard money - assuming I don't want to self-finance?  And how long would I have to be showing good numbers before a refi?

Thanks much!

Danielle (just jumping back in after a year of rest :)