I just finished reading "Raising Private Capital" by Matt Faircloth so I have a couple ideas. 

The property I bought in needs major rehab work and due to which I couldn’t do traditional financing and paid it off in cash.Now, I am looking to get a loan to do the rehab work which after finishing the work would convert into traditional loan.What would be the best place to get this kind of loans?

The main house has a finished basement that I am living in and so far so good as I'm paying approx $300/mo toward piti.

They have great programs, but a lot of hoops to jump through.Have you finished the process asking your local credit union (who you presumably already have a relationship with)?

VA loan with NO DP, but picked some upgraded finishes and appliances from the builder.

Im hearing that attorneys haven’t got the deed from title company yet and Covid is causing delay in getting it back from the cook county.

I’m working a number of these in Atlanta  and a few others across various states.My plan with a few are to finish up the rehabs (we have already gained access to the property) and sell out right.

I would love to see the work you guys did and the finish product!

Try to avoid throwing everything away.The resident can collect monthly payments until the property is purchased in full by the GNA, or can cash out and a traditional loan will be sought for GNA to finish the purchase.If there is an “owner carry” deal currently established, then subtract the remaining rehab costs as a principal payment.If the GNA is simply purchasing the property, then it needs to fall into “70% rule”.Purchase price = 70%ARV - Est rehabThis option typically leaves less money for the original homeowner, when compared to the “owner carry” structure.Allow for equity transfer to other properties in the GNA portfolio.This option might allow for the lowest cost to process everything,Bring every aspect of the property up to common standards.

In February I drove to the library grabbed 12 books on real estate, finished them within 2.5 weeks and felt that I was back in the game, starting point - grid (0;0).