Can I do this deal?

[Christine Ong]

I get how to use hard money lenders for flipping. However, I'm still struggling with the concept of using hard money for rental properties you wan to keep for the long term. My agent found a property that's about 30% below market value at $740,000. We project ARV at $950,000. Repairs will be about $60,000. Rents are $5600 a month and expenses (including tax, management and insurance) are at $1,898.75 per month. I can come up with $80,000 cash but the rest needs to be financed. Is there any way I can do this deal?