I have also considered short-term and mid-term rentals near the Cleveland Clinic but just waiting to find more homes available in that area. 

HELOC is pretty universal in terms.

Option 2: Private LoanIn this option, a promissory note is written for my partner to loan me the down payment amount (20%/$46K) for a 2-5 year term at a 10% interest rate (details are still up for negotiation - are these terms reasonable for this kind of deal?).

I need to open two checking accounts for a couple of SDIRAs and discussing commercial RE loan terms. 

You typically cannot transfer ownership on a current insurance policy and keep the same terms.

Trying to find a source or maybe even a real estate attorney who can provide me contracts that I can use to provide for owners when wholesaling in long island, NY.

To Jay's point though (Long time no see Jay), Why??

It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

.- It is possible, but it will be long hours.- Walk the neighborhood and knock the doors, the conversion is greater but you have to be there.

There are way better options in Florida where prices are dwindling and things are beginning to sit on the market, but the market still supports short-term or mid-term rentals.