The lender will source and season the funds you use as down payment and for closing costs.

Optional: Sell the note you created after it’s seasoned a year or two.22.

Needs about $25k in work, possibly $15k for a seasoned investor.

And if so can that person then go apply for a cash out refinance of those 393 units the property is free and clear without the personal guarantee of previous owners of that LLC immediately or does there need to be a seasoning period? 

Some income may not qualify, seasonal jobs that are not regularly performed, part time jobs that are not performed on a regular basis, employment income received from a job or line of work less than two years, child support payments that are not paid through any court system with a history of on time payments.I would insist on saying that "Compensating factors effecting credit, income, employment and criminal histories will be considered to the benefit of the applicant".

No, it's a 30 year note @ 6%.It's already rented for the season.

Will wait for seasoning period to pass to complete the BRRRR with a current ARV of $185k+.What made you interested in investing in this type of deal?

if in the seller's name still, you will need to be added to title before you can do a cash-out refinance, and typical seasoning requirement will be about 6 months (again, typically). 

Weather and seasonality also reduce the number

Offer to volunteer your time on a rehab or deal finding or something with a seasoned investor in the area.