It looks like "Good Egg" is simply an Entity that collates funds, and then invests those funds on your behalf with the actual sponsors/general partners that actually purchase the properties, get the loans, manage the properties and distribute the funds.

The appraisal came in at $245K, but they are only loaning me 70% of the ARV.

Long term goals in mind that I need a track record and capital for! 

@Kavya VeerapaneniThere is a market for short term rentals in Danbury.

google "all inclusive Deed of Trust" fantastic CA document we used all the way back in the early 80s If I'm not mistaken though a wrap would require the 2nd buyer to also agree to financing terms; which would be the same as me (the 1st buyer). 

They unleashed pandemic handouts and loan programs that greased the economy (this was not well thought out, contributed to the inflationary environment we are still suffering from and PPP and ERP loans were flooded with fraudulent loans and benefits)These programs leveraged existing corporate infrastructure (banks and the government had little or no operational involvement). 

If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.

It is usually for the term of the mortgage.

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

However, my debt to income ratio with that home loan, and student loan doesn't look that great currently and I don’t have much for a down payment.