Or even riskier: a commercial balloon loan with a high interest rate and a personal guarantee that is due IN FULL after 5 years!

Put the $100k in a GUARANTEED bank CD and make $5,775 instead of having a chance at $6k if nothing breaks and nobody leaves.

This will allow you to have a slower ramp up, have guaranteed tenants day one, and not feel so rushed.

The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker. 

Paying off $100K on a loan of 6.75% is the same as investing $100K in an investment that returns a guaranteed 6.75%.

You’l need an expert to guarantee your answer. 

When they can get $47k guaranteed from the bank.

I would look for a provider who provides some sort of warranty or guarantee, and ask for references.

[Past performance is no guarantee for future results, but if you liked this post, don't forget to vote]

In time instance, it's about 3 years from 2023.disclaimer: Past performance is no guarantee of future results.