The product I know of for this is a 30-year loan, fixed for the first 10.

Visio has a solid financing product for STR's 

Sale price: $163,500 "Henry I" - 3 Unit, Grand Rapids, MI Brrr#1, July, 2015Purchase price and type: $163,500, 3.5% downLoan Product: 3.5% down, FHA Loan ($5,800)Monthly PITI: About $1100/moRehab: 45-55kRehab length: 2-3 yearsRent: $1050/month (beginning total for 2 occupied units)2018 Refi: streamline FHA cash out, or something like that.

There’s a “Range of balloon note products that we offer for multi-family.

Regarding final punchout projects, that may free up some of your time but it also gives you an opportunity to observe the almost finished product to help maintain quality control.

Mrunal, if you’re an accredited investor there is an investment product called a DST (Delaware Statutory Trust) that might be beneficial for you to learn about if you decide to perform a 1031 exchange.

I would hate to recreate the wheel if someone out there has a viable product.

Just switch loan products if you need to.

I’m considering reworking the existing downstairs addition to be 2 stories in order to add a second (full or half) bathroom upstairs and/or doing something more productive with the wasted community space connecting the stairs and upstairs BRs (i.e. - add a bathroom there or create a 4th BR).

I can really envision the end product and am full of ideas.I used to religiously watch all of the house-flipping shows, but over the years I've heard a lot of negative things about flipping houses so I don't know what to think of it anymore.