They're looking for a quick close within 30 days so they can get the cash in hand to purchase their next primary residence.A solution would be to withhold a very small portion of funds in escrow, but the seller would have to cover the rent as well.

I can cover my mortgage but are there other ways of financing this project without burning my cash reserves?

Recently I started working with a college kid who is doing some wholesaling to make some money and get his foot in the RE door.He had read about house hacking with a partner, where he applies for the FHA loan and finds a partner to cover the down payment.  

If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

If you know of one or are one, shoot me a message@Sam McCormack I cover that area and usually the BP go to for KY.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We already have hard money lined up to cover the mortgage and rehab.  

We got multiple quotes covering demolition, carpentry, siding, roofing, HVAC, plumbing, electrical, plumbing, insulation, plaster, flooring, and more!

An agent would need to review your policy, but in general,Tenants belongings and vehicle would need to be covered with Renters Insurance and Auto insurance.  

You may need to just focus on getting the other properties stabilized to cover the loss from these.