@Sunny Karen- thanks ...nice sounding plan ....if you havent already done so - make sure to get yourselves  formally pre approved  with a lender  using a hypothetical  scenario ... depending on the loan amt needed ( if any) - make sure the lender you talk to can handle the amount . 

Add that they have bank financing as well and you are an unsecured creditor behind a lender....  

Finding startup funding / not enough Net Worth Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I own a fractional interest in over 2,500 units today, and I don't have to hassle with tenants or lenders or inspectors or insurance or contractors or property managers.

A few important things I would be looking for:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

Some lenders have minimum size restrictions.

These models capture the primary expenses associated with fix-and-flip and long term rental/BRRRR investment projects and provide an estimate of total cost and profit/returns.Shoot me your email if you'd like a copy of either or both.Hope you find helpful in reviewing your projects!

Don't bang on pipes in the quest of fixing anything Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The seller was willing to loan me 30% on the second leg of the transaction or $210,000- Paid off my transactional lender of $140,000 and pocketed the difference.  

There are DSCR lenders that will refi these post-rehab just fine.