Advice on lending for an inexperienced landlord

[Nick Littleton]

Hey all,

I have my first rental finally built that we paid for through private lending and equity through our personal house. The goal here is to have a lease signed, put a renter in there, and cash out refinance the property to pay back the private lender and most of my own money... a BRRR if you will, but in a roundabout way. However, my wife and I have not been landlords yet and a fellow investor/friend of mine told me I might have trouble finding financing if we don't go through a professional property management company since we are inexperienced. Have any of you out there run into this problem and if so what solutions have you come up with? Are there any lenders out there that are friendly to fresh property managers?

Thank you!

N&T