I borrowed 62k at 10% APR for 12 months with interest only payments and a balloon payment at the end of the loan term.

Cash with a small hard money loan.

Include details such as the type of loan (conventional, FHA, VA) and the maximum interest rate acceptable to the buyer.- Home Inspection Contingency: Include a clause allowing the buyer to conduct a professional home inspection within a specified timeframe.

If you have a loan, you may wish to look into due-on-transfer clauses.

I understand when you sign an FHA loan you must state something on the lines that the house will not be registered under an LLC.

There are many things to consider in such a situation, it is not black and white but a relationship has to begin with trust.

You said cash-flow is a couple hundred dollars per month, but don't forget to factor in maintenance, vacancy, CapX, and any costs outside the monthly loan.

What I have heard is the following:1) Banks willing to extend loans with the existing owner, hoping they can hold on until NOI goes up or interest rates come down2) Banks knowing a property is coming back so reaching out to a local broker to find a buyer with a pocket listing. 

What does that have to do with a personal refi loan in my name?

@Damion Brown Why not just use a bank originated construction loan that converts to a permanent loan?