Even if it is a short term loan   Tarik I dont think she said she was refinancing i think she said she is looking to finance so probably an purchase money loan

With rising interest rates and the widening wealth gap, first-time homebuyers are by locked out of the housing market, it seems long-term rental demand is solid but of course it would be important to get quality tenants in the better parts of town.

Long term renting can also be a good strategy. 

@Kevin Kite- try working with the present lender on refinance  / extension  terms 

I was already a licensed agent for 3 years @ that time, I was already doing a short-sale across the street, asked the seller if he knew anyone in the neighborhood looking to sell, & the rest is history as they say....I ALWAYS wanted to do a fix & flip, & this was my BIG CHANCE!!

They want you to make a decision within a short time, put $5000 down, and even after this, they don’t allow you to go into the house until after closing, no matter how long it takes.

My name's Hunter, and I'm excited to get started being a property manager/co-host/host for short-term rentals in the Orlando area to start.

He gets terms for his build portion and you have to put up actual funds.

So if you buy distressed and build in some additional equity via the rehab you can cash out when securing the long term debt. 

That kind of appreciation is wonderful for long term hold investors but it's having a negative effect on investors entering the market.