Commercial loan vs Mortgage for purchase of investment properties

[Jennifer Moore]

I am still somewhat of a newbie. I have flipped a house and I have bought a rental. I've done both of those with cash. Now I only have enough cash for a downpayment, but have a partner with a great balance sheet. I came into this thinking we would take out a mortgage, rehab, refinance and rent- however, my partner is telling me that we can take out a commercial loan for the ARV and skip the refinance part. So, my question is, if we have the ability to skip all the refinancing and save all

the extra fees- are there any drawbacks to using a commercial loan va a traditional mortgage?