If you are lookign to occupy the property as a primary, then you'd need to look at the conventional (Fannie HomeStlye Reno loan for example) or FHA (203k loan for example).As for the takeout, again so long as the ARV is strong enough to support it, you have credit and income to qualify (if you go the Conventional DTI route as opposed to DSCR), you should be able to refinance into a long-term loan no problem.Feel free to DM me if you'd like to chat more on this!

I would strongly encourage you to shop around for other options for this particular scenario.

If you're looking for cash flow, find a market with strong rental demand and high yields.

I haven't looked deeply in Elijay or Cherry log, but I know these are strong rental markets as well.

High-demand areas with strong economic growth and low vacancy rates are typically safer bets.

Some neighborhoods in that area are fully gentrified (German Village), some are strongly in process/nearly fully there (Merion Village), and some are on the cusp and are currently a mix of flips/rentals and more dilapidated properties (South Side). 

Sounds like you’re on a strong path, and it’s awesome to see how much you’ve already achieved. 

.: Quote from @Steven DeMarco: Hey BP - Want some advice/perspective on my situation.Back in 2022, I had a strong desire to get into REI to diversify my investments and pursue a new side hustle. 

They can be purchased fully finished for around $85,000 and rent consistently (at least along the East Coast) for $190 a night with strong bookings year round.

This might work in a strong sellers market, or it might make people wonder what is wrong with the property to be priced so low (and then don't bother to go see it).While I like to price my listings in the middle range of what I think the market will pay, there are (for now) still lots of new agents that don't realize when you've priced low to hopefully start a bidding war.