If you are lookign to occupy the property as a primary, then you'd need to look at the conventional (Fannie HomeStlye Reno loan for example) or FHA (203k loan for example).As for the takeout, again so long as the ARV is strong enough to support it, you have credit and income to qualify (if you go the Conventional DTI route as opposed to DSCR), you should be able to refinance into a long-term loan no problem.Feel free to DM me if you'd like to chat more on this!

Sounds like what you're looking for is a line of credit on this rental property.

Leverage Lines of Credit: Some people tap into personal or business lines of credit to cover the EMD.

His credit score is 620.

I’m trying to get my first single or small multi family RE investment started. 

I'm new to real estate investment and looking for advice on rental investments in Massachusetts.

Quote from @Robert Bell: As a private lender, we use reserve funds as a way to gage whether or not someone is financially ready to take on a real estate investment. 

If you are a good rehabber and/or have good assets and credit, you might be able to get hard money loans to purchase and rehab and resale.   

@Marc ShinRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Among 225 corporate real estate executives surveyed across the U.S., Canada, and Latin America, 38% expect to expand office space over the next three years, up from 20% last year.