Additionally, some lenders do offer VA construction loans, but the renovations to the property can only be cosmetic (floors, cabinets, roof) and not structural (foundation, moving walls, building additions, etc).Good luck!

Which brings me to my other thought which was to bring on a experienced investor but still hold my stake by supplying the funds.

@John BrennanYou may want to consider structuring the deal as a debt - rather than equity - investment.

@Aaron Hale  Congrats on the winCouple options from where I'm sittingBuy with an FHA 203k loan and make it your primary residence Buy it with cash and rehab it with cashBuy with HML w/ a construction loanTake on a partner who supplies the cash in exchange for equity/profit splitCall your generous rich uncle and ask him for a no interest loan and do the whole thing in cash.From my experience, no there is no line of credit product based on future ARV.   

Wondering if that is a good rate for a car wash and also what other things should I be looking at for the structure and the lease itself.

I am currently in the process of refinancing two duplexes and my current portfolio is holding me back due to structure. 

Everything else has to be refreshed : Floors (carpeted, heavily spoiled and cat urine odor) Ceilings dry-wallWalls dry-wallElectrical is out of date (knot and tube all over, electrical panel needs replacement) Risks: Sanitization (cat urine smell, potential for pest problems)Structural integrity not checked (unable to check in a timely fashion due to deadline)Evidence of water damage on main floor ceiling, extent of damages unknownNo smell of mold in basement but knowing the city history of flooding, this is uncertainPlumbing looks recent but it was hard to be absolutely sure of this assertionThe reason I decided against in the end : too many unknowns.

We will take care of all guest communication, listing details, cleanings, scheduling of repairs, confirming bookings, stocking supplies.

Hey @Brandon EllisThe entity structure you are referring to is known as the Series LLC.

Just make sure there is no "structural issue" with the property or some issue that will drain you financially.Don't get analysis paralysis.