The CORefi will basically drain your equity up to 75% LTV on the property and you’ll be stuck paying that higher mortgage payment for the duration of your ownership.

I am in the military and I'm interested in investing in real estate for the duration of my active duty/AGR service at which point I can take my military retirement and cash flow from single family/multi-family units and truly retire at a relatively young age. 

@Isaac El I believe FHA loans require insurance for the duration of the loan so it can end up being very expensive money.

What I do is hold back 6 months of payments and operating expenses (expected duration of current flip).

What is the interst rate after the 1 year, the loan duration and the prepayment penalties?

I get that the start/stop within 8 hours or so isn't efficient, but there seems like there is a break-even point at some duration. 

I told the person they were welcome to not stay in the house but they were still on the lease for the duration.

That said, I would also suggest an addendum to your lease that allows the additional occupants only for a specified duration.

If you want them in lieu of a mortgage, you need to both agree on a duration & rate.

If, for example, they need $25,000 for some reason, let them know you can pay them $25,000 now and help them move if they'll agree to seller financing.Stress to them they'll have the money they need, plus they'll continue to receive monthly income checks for the duration of the loan you agree to.Many times, you can offer a higher sales price to them if they agree to seller financing (assuming your numbers still work for you).There are many more nuances than this, but that's the general outline of how to broach it to them.- They'll have the cash they need.- They'll get monthly income checks.- They'll get a higher sales price than you would otherwise be able to offer.Best of luck!