The rate will be higher and the term shorter because you are purchasing commercial investment property, and it sounds like it's probably not institutional quality based on the number of units.

Ironically, homes in this price point spent an average days on market of 17.94 days (shorter than the overall area).

But know that the shorter the hold period, the higher the bar will be to demonstrate your intent if you're ever questioned.  

If you had to use an alternative income documentation loan, or another type of non-QM loan that allows some other qualification such as shorter time from foreclosure or bankruptcy, then having a DTI over 43% or over 45% can affect interest rate.  

Well long enough to ride out any shorter term fluctuations.Basically I'm trying to think of why I should keep the home, and all the hassle that comes along with it (although we have very good tenants, knock on wood), only to make half of what it'd make totally hands off and passive.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No "DTI" (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No “DTI” (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

Once you have done multiple deals over shorter periods discussing reduced rates makes sense. 

They are also usually shorter (20-25 years) or have a balloon payment.

I found these tenants want the unit furnished due to the shorter rental time and usually demands higher rents.