Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

@Mohamad Guene  Simple answer - you will be cash flow negative, and your appreciation will be limited.We did a new build once for a rental - it performed miserably cash flow wise despite a great location and property - we ended up selling it 3 years later.There are very few new builds in Huntsville proper - are you referring to an outlying area like New Market or Meridianville?

The STR will pay out the first rental payment in January, so I have no idea how that one is performing. 

[Past performance is no guarantee for future results, but if you liked this post, don't forget to vote]

If you have performance history that is tangible, that helps too. 

The biggest headwinds in the worlds are energy security, acquisition, performance and land ownership.

Beauty is in the eye of the beholder!

You manage the manager by having inspections performed.

Class C & D cashflows well on paper, but requires exceptional management of low-income tenants and even then you're playing a statistical performance game (Sectio n8 is NOT the cure-all!).

The beauty here is that you will be able to get back your initial cash invested in the deal when you refinance.