So, you're using the private money to buy the property and then doing a traditional refi?

What a valuable team member she has become for finding and evaluating properties as well as for local contacts for building my team.We are using three types of financing options:  traditional mortgages, commercial portfolio loan with a local bank (great rate/25 yr amortization/minimal closing costs) and cash BRRR method discussed on forum.  

I'm sure since you are on BiggerPockets you know that the value of the property is a function of it's cash flow, but a traditional lender will typically lend at 75% of the appraised value which is typically based on the income approach (ie the cash flow) so you'll likely need to save 25% of the value.

@Christian Bors The cold weather beat me to it.

If traditional banking proves difficult then you could look at hard money lenders, although that would result in a higher mortgage then you may be able to sustain.

I would fire your property manager and keep it as a traditional rental house.

Cons- is not traditional so some people might not like it and dog nails could scratch it ( I don't have dogs so not sure). 

I don't know the rehab budget on it, but I do know...1) It was purchased with traditional mortgage financing.2) It looked like the kitchen was torn down to the studs, nothing else.

I'm utilizing a variety of marketing tactics that are inside and outside of traditional REI marketing methods.

I seek to gain a better understanding of "Purchasing & Holding" deals, listen to the success stories of others, and compare notes of the best place to find start-up capital outside of traditional methods such as a bank!