If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

They also changed their terms prior to closing.

I would highly recommend that you focus on what you want to start out with first, flip or long-term rental.

Now it is a stabilized long term rental on both sides for me.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I made sure to add an extension hose to the dishwasher and angle it up so that backflow in the future could be somewhat prevented.

In return for the City's rehabilitation assistance, participants agree to certain long term (5-20 years) rent and occupancy restrictions which provide for the continued availability of the housing to lower income families at an affordable rent.

Also, you can't take short-term rental income for granted as if it was long-term rental income.

@Rehaan Khan yes as said the term is "Seller Financing" however I sugest you do not use that term as it might confuse the seller.

This can be advantageous because it often allows for more flexible terms, such as lower down payments and sometimes even lower interest rates.