I would look into a DSCR loan option it will require 15-25% down depending on the lender but it's based off the asset and if it debt services rather than based off the individual. 

@Brian Kempler, keep in mind when you use an LLC to invest in real estate the LLC isn't a "business" to the lender.

Then when it is complete, have property appraised and refinanced to pay back the hard loan from my Mother or other lender and because I overfunded, receive cashback at closing and either pay back into the new loan or wait for another deal once I get renter in on this place with me.My hiccups will be my income to qualify for the new loan, and the fact that I have an existing mortgage which affects my DTI right out the gate.

Unfortunately, very few commercial lenders can lend in the Dakotas.

:-) I've posted a similar post on a different forum (probably the wrong one) and haven't gotten any feedback so I'm hoping second time is the charm.I'm a CPA in the State of Maine with 12+ years in public and private accounting sectors.

You'll want to work with an agent, lender, and attorney experienced working with house hackers.

Of course, we don't know your full financial picture - income, assets, etc. to make a personalized decision so speaking with a lender, financial advisor, real estate agent would certainly help. 

@Christian Morsing you could make the private money lender taking the second position a minority partner in the deal?

I want to do it with others too, whether with private investors, silent partners, or equity partners. 

If market conditions in 24 short months cause the property to underperform, rates to be high so that you can’t reach DSCR hurdles, or lenders to tighten - you’ll be in a pickle.