I’ll definitely hit you up for some tips on that. 

I am definitely not ready for cash deals with a health rehab. 

However, next time I'll definitely be more selective about the properties I buy.  

Phil Lewis you're on the right path!

I will definitely update this post once I do my taxes with them.

Definitely hard money loan.

Don't utilize a title company to create these documents and definitely don't google for any doc templates on the internet.

This seems like exactly the type of community that would bad STRs though, so I'd definitely be diligently researching local laws.

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units? 

I definitely did not think of leveraging no interest credit at Home Depot to float the 3-4 months I need to cover the remodel.