She paid us up front for 12 months of rent & then paid herself each month & at the end of year 1 she paid us for another 12 months...she did this until her credit improved. 

This is the model # at home depot.

what you're proposing, while possible, is incredibly difficult and highly risky, and i don't know how you would do it completely remotely with no plans to visit or set up a team.i think i've said this in other posts, but there is tremendous demand for inventory right now among both retail buyers and investors. 

would you fund the OP at 75% in this environment?

I hope this helps!

Have you thought about this approach or considered a phased plan to build up your portfolio?

@Jorge Caceres  how big is this property?   

If you go this route, consider hiring a trusted property manager local to the area who knows the market well.I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Lastly this is my first post here so apologies in advance if I posted this wrong or in the wrong place  House hacking is perhaps the best strategy to get started in real estate.

With that being said, what do you plan on doing different this year in your business?