. - In the unlikely event that you get a lead, A "motivated seller" who will work with an 18 year old to sell their home, is likely someone dealing with death, disease, divorce, or disaster.

.: Hi there, my STR in the Hudson Valley, NY is currently insured with Proper.

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

You can get a much better return on your investment elsewhere and with $500k you can buy 3 homes or a 4 unit.  

He pays seller's note ("outside" loan), and then the seller turns around and pays his loan ("inside" loan).

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

There are HELOC and 2nd loan options that might work for this property.

Kieran, the best bet here is to refinance with a DSCR loan.

Fast forward a year later I am at home (Chicago) and find myself in the beautiful suburb of Oak Park.