Yes, it's possible and actually quite realistic, IF you go about it with a plan.The simplest formula for SUCCESS is 1) Make a plan, 2) Work the plan.Please query the subject of "Self Storage" here on Bigger Pockets and then take a look around.  

'Cincinnati' along with your hard money lender search query.

'North New Jersey' along with your hard money lender search query.

'Florida' along with your hard money lender search query.

Hello, I am beginner investor owning a few residential investment rentals, and wish to learn AirBnB/short-term rentals process.Any resource would immensely be helpful to address basic queries such as:1. 

Reference: https://singlefamily.fanniemae.com/media/25286/display
Hello,
Regarding recent Fannie Mae directives, I am seeking to understand impact that an investor could observe ( on loan-amount, down-payment, DTI e...

Feel free to connect with further queries.

Perhaps you've already used it once back in your home state or NJ (or maybe your home state is NJ) and that's why you're starting this query from the point of a downpayment. 

deposit, and monthly payments from you that would average less than the three rents he already receives.You said "I would only hold that loan until I refinanced the property to pay off the seller", but, as @Steve Smith queried, wouldn't that still mean you'd be "looking for 100% financing" (to pay off the seller and your friend)? 

'Alabama' along with your fix and flip lender search query.