You can use an FHA 203K loan and the conventional construction loan to do your rehab, these take longer than you expect as well.

I've been referenced in a number of real estate books and publications, as well as written a number of articles related to creative real estate finance.  

To maximize my cashflow and gain landlording experience, I’d do STR and MTR in the other units, as well as the other bedrooms in my unit.

Hope that it works out well for you.

Been through a few book keepers who don't seem to understand this space very well.  

We have ownership in 3 STR properties on Beech Mtn as well as one in Blowing Rock. 

@Andi Quinn, you handled this situation extremely well, and based on what you described, a two-week rent abatement seems excessive.

I've heard of a few others popping up as well. 

Spruikers  are alive and well in the US.. 

With closing costs, housing costs, agent commissions, my HELOC costs, I estimated about $20-$30k profit, depending on sale price.But, now I am thinking this would be a great BRRRR to learn those ropes as well!