As Nicholas said, get your agent to pull some comps in the area and check the finishes, etc.

It's the same terms as a normal purchase, just finished after you cash close (to secure the property fast) with a 30-yr term.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

Because all these new construction homes were either started or finished during high inflationary times in regards to both materials and general real estate.

Once you finish the rehab and get a tenant in place, you can go ahead and refinance it again with a DSCR loan if the cash-out amount makes sense

If that doesn't provide enough info, look for listings within a close radius, similar finishes, comparable HOA and amenities, and parking availability. 

Cody - Just finished purchasing a four plex myself and in the "Transition Phase" from the previous owner to me.

You start breaking it down into it's main phases to go from today too finish line.

You want to make sure as a long-term hold it will produce 5%+ CoC return, and once you finish renovating & stabilizing the property, it will be worth at least 15% more than you bought it for.

Hey Jason,A master lease to a reputable company may very well be a good option.If you are looking to do LTR I would suggest a move-in special. 1/2 Off the first month's rent, etc.Are they all the same layouts and finishes?