Can the property be refinanced into the individual’s name using a conventional loan?

I spent a lot of time structuring this deal, getting revision requests, and it was pretty much close to loan docs.  

Hey Jerell, yes, people do this all the time, and it can work really well as long as the numbers are tight.A balloon note or hard-money loan is basically just a temporary bridge.

B is the best to me because the cashflow is better than A bc purchase price is lower and you can get the same type of high credit score tenant. 

If it’s less than say $250k, I recommend participating in a few fractional loans.

Another thought - are you considering an FHA loan on the next one?

@Ana Booze If you’re financing a multifamily property, the loan type depends on the size.

Many lenders are making 80% to 90% LTV plus 100% rehab loans, and some will work with newbies.

I’m currently trying to look into who has the best rates for a he loan and I want to try to do a 90% ltv on my personal property.

Sounds like your family member has a diamond in the rough.Your family member can definitely use the equity in the land as the down payment for the new construction and long-term loan.