In that case, any form of financing won't work...and IO payments are just worse.Success here is completely dependent on the deal being a possitive cash flow property.

Is it available on the iOS devices?

@Steve Vaughan You made me laugh and think of a song.A quitclaim here and a quitclaim there, here a quit, there a quit, everywhere a quit, quit ...Old McDonald messed up title, e-i-e-i-o

@Vincent Tubito -  often 20, however payment tend to be IO for the first 5 years.

@Ryan SalzmannIt looks like you're photo is now added https://www.biggerpockets.com/users/RyanS499If you need to change it, you can also try using our mobile app for iOS/Android.

Purchase price: $117,500 Cash invested: $85,000 Sale price: $240,000Bought a 2 bed, 1 bath distressed house, seller carry 95% of the purchase price at 4% IO, rehab cost $85,000 including an addition of a master bedroom and a master bath about 300 sq ft of new living space.90% of the house is new, roof, siding, subfloor, windows, sheetrock and texture, electric, floor coverings, kitchen, Air conditioning unit, front porch, garage, paint, etc, etc.Very satisfied with this project, good numbers...ROI 35% Neighbors, and city inspector are happy as well.

As mentioned also some HML offer some refi products, it will be higher fees, perhaps shorter terms For example my company does a 3 year  i/o buy and hold loan no seasoning, no dti, no income check  etc.

And with shorter term io loans after you account for the cost of a refi every so often (assuming your keeping property not selling) you actually may be cash flowing less.

The acquisition cost, rehab cost, loan cost (private money guy, he'll probably want a monthly IO payment at minimum for those 2-3 months)... along with the ARV and what you could realistically get in cash-out proceeds with a refi once the project is done.

And don't forget debt assumptions like interest rates, IO periods and refinances.