If your purchase loan is $100,000 and you have $25,000 in rehab holdback, you are only paying interest on the amount of the principal balance each month. 

This transactional lender puts $40k in the pot (for some return which I am curious what they were promised) to get it back at closing as part of seller/lender#2 financing.At closing the first lets say is owed $50,000 so the $70k covers the first balance and closing costs.

Check, Zelle, PayPal etc.Then require balance 30 days before stay.

Typically 5+ units is ‘commercial’ or ‘small  balance’ multi family.

I personally never would, but I would talk to people that have that can give you an idea of what it's actually like instead of getting opinions from everyone who never have and say it's the worst.Jacksonville, FL has been great from 2010-2022, but there has been a huge surge in building residential from 2020-2023, which severely impacted the supply and demand balance and rents have flattened or dropped from 2022-today.

If you refinance at 80% value ($365,000 *.80) = $292,000 - $258k balance = $34k net before refinance closing cost.

The total tax balance is about 18k.

My advice is to try to be more specific with your inquiry and your boy-box in general, to achieve the best results. 

@Ryan Kline You either have a balance sheet we all envy or you are an individual who has no confidence in their ability to be a good real estate operator.

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