I know it’s going to take a lot of digging and possibly building my own pipeline for off-market leads to make this strategy viable long-term.

Negotiation tip #47, make it as simple as possible for the other party to accept your terms.

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.

Hi All, I'm in need or a reliable tool to use when underwriting short term fix & flip loans.

However, terms are negotiated specific to each project. 

Might be a diamond on the rough if you can fix it up and then long-term rent.

Keep learning and determine your long term goals.

Quote from @Patrick Druryck Drury: @Srikanth Kumar200-250k is a reasonable price range in Cleveland for something that cashflows. in terms of areasI would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

If you're goal is a long term hold, you're almost certainly going to do well even with a market rate deal in any of those states.

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?