The easy solution is using a conventional loan with a low down payment.  

I have seen and recommended to most of my investors that solution which help you reduce the stress, without the needs to go to a property management solution. 

For developers & investors in North America, there is a new route to market leveraging on proactive product based offsite construction solution.

These loans are structured with a combination of a first mortgage from a conventional lender (typically covering 50% of the project costs), a second mortgage from a Certified Development Company (CDC) backed by the SBA (covering 40% of the costs), and a down payment from the borrower (typically 10%).Bridge Loans: Bridge loans are short-term financing solutions used to "bridge" the gap between the purchase of a new property and the sale of an existing property or the availability of permanent financing.

When its important, you'll find the solution that works best for you.  

I know with private $ we'd have a higher rate but was hoping it'd be a short term solution if we could refi into regular 30y mortgage

Instead of telling me I'm in over my head, why don't you offer some solutions for me rather than offering solid advice of it only takes 10 minutes?

Recently purchased a 4000 square foot commercial office building in Canton OhioLooking for an inexpensive insurance solution. 

Effective solution, (especially for absentee owners) but you get what you pay for.

Most small balance multi family complexes will not yield a 8%+ CAP in today's rate environment..unless they will consider seller financing..with 30% down there should be some options for creative finance solution.