BRRRR Multifamily property with tenants in unit

[Christian Thompson]

Im looking to purchase a 10 unit multifamily property im a college town and use for student housing. The property will need some work.

- New paint (interior/exterior)

- New floors 

- washer and dryer hookups need to be installed

- countertops etc. 

If I wanted to use a hardmoney loan to fund my deal/rehab, but they have tenants still in the units. What do I do? 

Hardmoney loans have high interest, so I don't see it being beneficial to use that if I can't get the tenants out. 

Would it be better to try and get a credit union for the deal? Or see about seller financing?