.- Goals: My aim is to successfully purchase, rehab, rent, refinance, and repeat with my initial properties, eventually scaling up to build a portfolio.Questions1.

If you're using hard money simply for the purchase and plan to refinance, the hard money would actually require less than long term financing.

Most of landlords are not interested in doing Section 8 either, but we phrase it always the same that we will consider all applications as a whole and once we have the application we review it and see.In my opinion, no landlord should be forced to do Section 8 and I don't think it can happen, but you have to be very careful how you vet tenants and decide so you are open to all applicants, but still able to make an informed, best decision for yourself.

Will fund deals up to 100% purchase and 100% of rehab costs3.

Where I was from (large orgs) managers are pretty strict on what information they can provide for employment verification.

I recently purchased a property acquired via foreclosure auction and wanted to use a Hard Money lender.

If you have 15-20% of the total project cost (land purchase, building cost, loan cost, etc) with an experienced GC, you can try commercial loans for new construction.

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

Can you explain how this would work if sellers want to purchase another home within 6 months?

The folks currently purchasing 2-4 unit multifams are owner-occupying buyers/investors and they are being more cautious with their purchases due to the overall market rate conditions.