Are there any lenders on here that would finance initially for say interest only payments for 6 mos-1 yr until we could refinance?

Downside: It cuts into your bottom line increasing expenses, having to endure ridiculous rules that may not make sense to you or your tenants, restrictions on the number of units the HOA allow to be non-owner occupied (The HOA can decide to limit, reduce or expand the number of non-owner occupied units at any time).

However, note that public schools are back in session starting today.

My client needs to incorporate funds for rehab in with her mortgage. I'd prefer NOT a 203K - maybe a Fannie Mae Home Style Renovation loan. Any recommendations? Been pre approved- needs to get going on loanThanks

@Jerry Mixon check with an attorney, but you shouldn't have issues with Dodd-Frank if you're financing to an NON owner occupied buyer.  

I'm looking for a private lender and a couple gc's to work with in Utah.  

According to public records, the person who owns the home died in 2009.

They did not have type of insurance to cover non owner occupied property.So I looked into another insurance agency to do a landlord policy.  

My ideal plan is to obtain hard money loan to purchase and rehab both the properties, flip one of them to repay the lender and keep one to hold as I plan on house hacking and leasing to other tenants.

My rationale is that if we don't like the area/job/etc, I still have a vacation rental I can use to generate some income while we decide the next area to claim as the primary residence.I also have the flexibility of purchasing more properties in CT, which I know better, and skipping the vacation market altogether in FL and sticking to just residential non vacation rentals in Orlando.