The condo will limit the rental options to age restrictions. 

Hi Lina, It’s exciting to hear that you’re looking to invest in a mid-term rental (MTR), and I’d love to help you navigate the financing side of things.Understanding loan options, down payment requirements, interest rates, and how lenders view MTR properties is crucial to setting yourself up for success.

Find the style that people are doing in the area then find equivalent options for materials at local supply houses.

I found myself overwhelmed with all the options.

For best results shop the vendors (who can be covered by insurance/meet HOA requirements) and get several options to your HOA management company to have the board pick from.

FHA 203(k)The FHA 203(k) is the most widely known renovation loan, but did you know about the Fannie Mae Homestyle Loan?

build to rent is great. they are an intermediary that help investors contract direct with turn key new build. they are pretty sophisticated we have sold a house so far and we are looking to sell other multifamily with them. there is a vetting process and as an intermediary they don't control construction they help vet builders and establish relationships. they have a big team. the other builder I've never heard of but unless you can see your house I wouldn't touch it. rent to retirement has a strict policy of 90 days until certificate of occupancy until they will send a deal out they are good at what they do and I'd recommend them. they have options all over the country and established relationships.

Otherwise, I recommend option two, using a personal loan.

But there’s another option that’s often overlooked: mortgage recasting.

Other lenders will specify a maximum LTV.Payment Options: If you allow payment deferral, note it here.