Given that the seller is financing the deal for the 2 years and then the plan is to re-finance it with a bank, I am having difficulty producing such financial analysis.

It's crucial to keep your personal finances separate from your LLCs and rental properties, and I strongly advise creating an LLC for each property that you work on.

I was going to bring up that the seller financing doesn’t matter if you plan to get a construction loan as the seller financing will have to be paid off. 

Financing can make a big difference, and local lenders who understand house hacking and multi-family investing can sometimes offer more flexibility than big banks.

How did you finance this deal?

I’m eager to connect with experienced investors and would love any advice or mentorship on getting started, from financing and property selection to management strategies.Looking forward to learning from this community and contributing where I can!

If you need any help with the financing or have any further questions, feel free to reach out.

FHA is for sure not going to be an option for him, last option is purchasing from an investor with owner financing, or lease to own program where he will not need traditional financing. 

As for financing, on a conventional loan if you do not need the rental income to qualify then you would not need to have the property rented but if you do need the rental income to qualify then you would.  

Currently accepting applications for friends and family because teamwork makes our dreams work.Even then, that statement has narrowed the possible solutions.