Found a deal. Now I have to figure it out

[Jake Handler]

Found an off-market deal in Northern, NJ and trying to make it work.  I've made plenty of calls and ran plenty of numbers but would love to hear others' opinions; mostly in the financing field to see what my best financing options are.

Duplex purchase price $225,000

Rehab: $100,000

ARV: $450,000

My preferable strategy is buy and hold, especially because it's a duplex. However, financing feels a bit more challenging with buy and hold; as there are more moving parts. If I raised private money, I'd have to refi to pay investors back and not sure the numbers work to do that. If I were to use hard money and refi into DSCR, I'm still leaving more money in the deal than I'd prefer.

So I'm also considering fix and flip; as that seems like the "easier" route for the trajectory of my portfolio.  Not my preferred strategy in general but it might be better for this; as I can rinse and repeat.

I'm wondering what my best financing options are.  I understand there are fix and flip (or hold) loans that include the bank financing 100%, which sounds amazing, but my concern is the extra hoops through the process.

Other thoughts are partnering with someone who can get a conventional loan & raising private money for the reno, as well as hard the hard money option.

Seeking insight from other professionals.  Thank you very much.