Yes, to be fair, if it's a straight-forward all-cash purchase, then the due-diligence likely could be done in 60 days or so. 

A lot of people we first speak with favor the idea of a 15 year because they pay less interest over the life of the loan, and it of course cuts the term in half. 

Once you step up to 5+ leverage gets cut and rates go up.Do some googling and calling. 

If I can be straight with you @Yixiong Pan I think there is a 90% chance this will not go well for you.

., the person living in the property.Let's assume I'm correct with the above (please set me straight if that's not the general case).

I cant sleep at night, I cant think straight, I am on the verge of potentially losing everything.

The LTV is cut at 70-65%. 

Hey John,Sounds like the answer would be to utilize a DSCR lender that utilizes either pre-established STR rental income (if you can prove with AirBNB/VRBO statements) or a few that are still UW with AirDNA or a similar STR income projection program.I am aware of a few still doing it at this time, and if you can show that you know what you are doing you shouldn't see much of a cut in LTV if at all.Happy to connect and see if we can help.Good luck!

If I decide to cut ties, do I lose these listings?  

After 18 months I still didn't have a building permit and decided to cut ties with the builder and forfeit my deposit.