PMI is permanent and does not go away when LTV gets below 80% (like they did in the past), on today's FHA loans!

The other wants it to be a permanent partnership and use for a rental. 

There are "bank alternative" lenders who will do permanent refi loans up to 75%.

Because of their late payments, the contract stipulates a permanent rent hike of $25 for every month they are late from now on.

@Gregg Alexander Hard money lenders don't do permanent financing, but short term financing for higher rates.

You could attempt to subdivide the land with a Permanent easement for driveway access, then sell the main home on a smaller lot.

When finished, call me for a permanent investor mortgage. 434-325-7229

It usually goes well for me, because they know I fix violations properly and permanently the first time.

Below is a comparison of the monthly payment on a $100,000 loan based on the interest rate.So, while the HELOC is easier to obtain, it is not what I would call permanent financing.

Once we were finished and the property rented we pulled a final draw to get our most of our seed capital back and the loan turned into a permanent 5/1 ARM amortized for 20 yr.This is a different flavor of the same strategy and allows  one to do a BRRR strategy without having all of the Renovation money.Jeff V