Refinancing Hard Money Loan w/o Traditional 30 Yr

[Kevin Glover]

I am a new investor and I am looking to house hack. So, my first property will be a multifamily where I will rent the other units and bedrooms in my unit to break even or create positive cashflow. 

Now, I will use private/hard money to get into the property and complete the rehab. But when it comes time to refinance, I want to have another option besides a traditional 30 year mortgage. 

What are my options?

[Russ Draper]

First impressions: why is it not breaking even without renting bedrooms out?  How many units is it?  Do you have to go the hard money route?  That's a lot of interest!  I wouldn't go hard money unless you had another exit strategy.

As far as other creative financing ideas, aside from angel investments from family I don't know what to suggest without knowing why you need the hard money loan.  Please provide more details.