Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

Fannie May is a good option for a lower downpayment.

My landlords use Azibo for management and RentSpree for screening, but there are a million options.

Yes, but the 3rd option is I pay the remaining seller note principle in cash via my own savings/lines of credit. 

Others are responsible with their budget and can stretch a dollar.If they are excellent renters, I would offer them the option to renew and let them make the choice.

If you’re not already using similar software, I’d highly recommend exploring these options—they can save you a lot of headaches down the road.

If I were you keeping the property as 4 units and renting out bonus unit under the radar may be your best option especially if you plan to refi or do HELOC while occupying. 

They each offer very different options, and each have different STVR rules as well.  

I tend to agree that selling seems like a good option, especially since your rental income will not give you a good yield on current property valuation.Did you live in the rental as primary before?