Should I assume the in-place IHDA loan at acquisition or close with a conventional loan and try to get IHDA loans/grants/credits later if/when I decide to keep affordable?  

It's a short term loan with no PPP that offers money to close on an acquisition and also provide escrowed rehab funds for the work needed.

There are plenty of lenders out there that do fix and flip/ rehab lending. 100% on acquisition and 100% on rehab is unlikely, but 80%/100% is totally do-able, and potentially even 90%/100% - all without even looking at your personal income. 

., as a licensed real estate agent who focuses predominantly on rent-by-the-room acquisition, the majority of my clients finance their deals either conventional, DSCR, or cash.

We financed this acquisition by leveraging Partner Driven’s capital resources, ensuring we could act swiftly on the Benton St property while allowing our partner, Archie Raglin, to engage in a low-risk investment.

(Taxes, prepaids, attorney fee, origination fee etc) So let’s assume your acquisition cost is $227500.Cash flow is income - expenses.Expenses are PITI, vacancy (5% of rents), capex (5% of rents), repairs (5% of rents) and property management (10%) of rents, plus lawn maintenance, HOA fees etc.

I've only experienced this on the buy-side of multifamily acquisitions, but have been involved in transactions where the lender requires a CofO and they have gotten comfortable with just the I-card, when there is no CofO for the property. 

let me know if you have any questions to how investors finance these type of acquisition and renovation loans 

I know I could hire a manager acquisitions, but do not have that volume to justify one I think.

As a PM Co owner and broker specializing in STR Acquisitions I use AirDNA - but only the premium version.