But the way you have arranged the owner financing, and build costs, followed by refinance…this is a repeatable model for you.  

For example, are you looking for something that you can add some sweat equity, and break even at the refinance?

Loan Term and AmortizationCommon Term Lengths: Loan terms for seller financing vary but often range from 15 to 30 years to keep payments affordable for the buyer.Balloon Payment: Many seller-financed deals include a balloon payment due in 5 to 10 years, at which point the buyer would need to refinance or pay off the remaining balance.

I have some clients who are brrring out properties and are able to pick up a couple at a time, and refinance in a blanket loan, get out most if not all of the money they put down on the original hard money/rehab loan, rinse and repeat.

Refinance with a DSCR loan.

I started adding up the interest payments if this property didn't sell and trying to refinance it to a conventional loan to rent it out (my exit strategy if the flip didn't sell).

This will free up cash flow by reducing the high-interest payments.You can also refinance your rental to cover the $40K balloon and possibly access additional equity, but avoid selling the rental since it's cash-flowing well.

If I am starting out as a real estate investor interested in being a rental landlord (still working out the main type of rental I want to work with), can I refinance the house with a higher rate and make it a rental to my husband as my first rental?  

Once you have your 2024 tax return, you can refinance to a regular conventional loan.

I'm looking to do a blanket refinance of my current rental portfolio of 6 units (8 doors total) to access equity.