Juggling between work and personal life can be tough, but having a property manager can take some of the pressure off and let you focus on your other priorities

Of course the OP received the funds but the point I would argue is that if the OP received in Jan and not Dec in his bank account.

No problem, I had cash from a refi, a HELOC, and a personal LOC.

If they are available online or in person.

My bank account is connected to Stessa to eliminate the need for me to manually track income, expenses etc. 

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.

If not from the person in office, then definitely from the person running against them.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.