Coventional Loan

You can also consider finding a vacant building and using a construction loan to renovate it like new.Regarding the comment that the current climate to buy is bad- I"'ve been on this forum for some years- And each year someone says the climate to buy is bad. 

Can someone help explain the balloon portion of the loan?

Review your loan documents carefully.

(Make sure there’s only 1 insurance payment and the correct number of property tax payments per year depending on your area.)You can take the projected next 12 months outflows divided by 12 and add them to the loan dox you got at closing and that’s what your payments should be after you catch up.

I’ve bought 3 other STR’s, all with DSCR loans so that’s how I’d look to refi but not even sure that’s possible out of a bond for deed.

Since it needed rehab (30 to 40k) I took a personal loan to fund the rehab.

We do have some student loans that would be nice to pay off and be free from.

I just googled "hard money lender Fresno, CA" and about 20 options popped up.I'd spend an afternoon calling around and talking with loan officers.

I have closed some loans for clients located in China, Spain, and Japan thus far in 2024 and they all utilized embassy or apostille notary.