Instead of buying existing properties and rehabbing them, the idea is to partner with a builder who constructs new rental properties, then refinance and rent them out. 

@James Soto I think it's a great idea, I love the BRRRR method if the numbers don't work as a BRRRR you could still flip it to bring in some capital! 

Anyone have any creative financing ideas?

If not, go with your idea of putting the thermostat in a control room.

Good Morning,I recently moved to Maine from working overseas and am enthusiastic about the idea of flipping homes in the area!

Look for some of those to go in as an LP (limited partner) and learn and grow your knowledge, skills and investment money so you'll be ready for the next accredited deal. 

About my ideas and general questions.

In my day job I do SEO for a digital marketing agency and I am more than happy to talk SEO with anyone who has questions.I'm interested in Long-term rentals, though admittedly, finding deals below market value and funding those deals (not to mention I honestly have no idea have to put the deals under contract in the first place), are problem the first things I'll need to learn.

You can also check out the PassivePockets Podcast and if you take up my first idea, The Hands Off Investor by Brian Burke is a great read.

Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.