These cost are going to very dependent on the area.If I was a betting man I'd say the zoning and permit cost will be more time and energy than financial, but should be taken into factor as holding cost will rise the longer the process takes.

200k from a private lender @ 10 % interest rate,1.5 origination fee, 200k+ from personal savings. 5 yrs balloon payment with the option to refi at anytime and no pre-payment penalty.

I typically view most cities along I-35 as a safe bet but I was wondering if I had any Hillsboro, Tx investors on here.

If you want to be more in the Denver metro area, then Arvada, Wheat Ridge and Littleton are your surest bets because they're the only cities that currently allow non-owner occupied short-term rentals.

Reach out anytime if you ever need anything here in Connecticut.

I would bet you a dozen doughnuts you’d get a better net price from Zillow/Opendoor/offerpad than from investors. 

Happy to help anytime! 

When you get your $140,000 loan you will be paying substantial costs and while you are working on the property you will be paying insurance, property taxes, utilities and I will bet the cost for heating while you are working during the winter will eat up a lot of cash.

With no track record, your extended family are your best bets for some startup funds. 

Don't do a HELOC for long term just to have the tenant pay it off, that loses the advantages of HELOCs -fast cash, available any time, but floating/higher interest rates- Also, most won't give you a HELOC on a non-owner-occupied home.