Payment buffer until PM finds a tenant?

[Erin Gipson]

As I continue to discuss this new investment venture with family, I continue to get the same question asked. 

I plan to go at this with no money out of pocket. I plan to do the research, construct a plan to pitch to a private lender, find a lender, find a deal, find a property management company, establish the down payment I'll need, use the money from the lender as a down payment for a 7/6 ARM (to keep payments low in order to more aggressively profit the funds to pay back the lender ASAP), once I pay back the lender refinance the loan. But what do I do about the loan payment until the property management company finds a tenant to rent the property? Do I simply include a little more on the requested amount from the lender as a safety net (say 3 or 4 monthly payments)? Any thoughts?