Cabinet doors for these cabinets and drawers is expensive if you go that route replace them with cabinets from a discount center.....

Feel free to contact me if you considering that route.

Might try that route buddy.Nuts and bolts of how I did it, I started with 2,3 and 4 unit houses and some sfr.

Last year, my husband and I bought our first home with the plan to rent it out when we are ready to move on.Right after we bought our home, my brother learned through the family grapevine that we were wanting to to invest in real estate, probably going the buy and hold route.

(You usually can only cash out refi a property something more like %70, not to mention its a lot easier to cash out refi with VA loan) I can tell you from personal experience that this is a fantastic route when starting out.

If you're not so certain about hitting your target and your equity partner (understands these risks and) is comfortable with the deal based on the upside, then personally I would go this route and avoid a possible tough situation with hard money lender.

If you are going to go that route, make sure you can get long-term financing once the property is rehabbed.

Since you mentioned that it is for a long term hold, I would also consider the LLC route despite its costs - if the size of your deal warrants it.There are certainly risks (but that's what insurance is for) - but you can just own the property as tenant in common (so you'll be under title). 

If it is part of their regular "route" it won't be an issue for them to accommodate problems.On another note. 

There are advantages and disadvantages to both routes.