It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

@Tannia Castro - happy to chat and get you going on the right path!

Many clients will find it hard to trust a younger person with this big of a decision. 

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

If your really needed it one could also consider hard money though that will come with higher rates and getting someone to give you 300k first time might be harder than just getting loan then you could refinance it later.Since your a high net worth person I would also try talking to local/regional and even big bank lenders.

You look like the kind of person who is going somewhere.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

A person doesn't have to like these new realities but realities they are none the less.

Let's chat soon and see if I can help you think through that strategy a little bit more.