You can look into a portfolio loan but getting one for 2nd position will be tougher.

If they do not allow then the loan can be "Due on Sale" and violate your agreement.

Luckily for us the issue was not huge, but we missed the inspection window before we found that out. 203(K)’s have higher rates than standard loans, so consider the timing of your refinance (especially in todays environment).

Feel free to use me as a resource for any loan-related questions. 

Ignore the loan when trying to factor in the possible tax implications as paying off a principal balance doesn't do anything tax-wise.

@Roger Segura Did you pay cash or do you have a loan on them?

When I'm done with the rehab, I rent out the property and refinance into a conventional loan.

We had cash for down payment and went through a broker for our loan who was recommended to us by our agent.

This amount is fairly predictable year over year, even with repairs.2) Calculate my loan payoff @ year 10 to find equity at the time of sale.  3) Multiplied this by LTCG of 15%.

Is it possible for me to get the property listed as a "to be built home" without me having to pull a loan myself to have the property built ?