I use the property myself, but if I couldn't afford to keep the place vacant all year long I'd have been in trouble. 

You wouldnt want to do a rate/term refinance as you barely owe any money and the title/escrow fees alone would be cost prohibitive.

I decided not too long ago that the best way for me to build wealth for myself and my son is through real estate.

For investors looking to maximize returns while managing risk, here’s why this type of deal stands out compared to Treasuries.Treasuries: Safety with Limited UpsideTreasuries are an attractive option for those seeking safety, especially short-term bonds with maturities of one year or less.

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

I’m particularly interested in methods that have worked well for you in terms of finding deals that aren’t listed on the MLS.Thanks in advance for your insights and suggestions!

Some update about the lending requirement of my Chase loan program:Product:        DSCR > 1.2Borrower:     Net Worth > Loan Amount     FICO     Liquid Proof > 10% loan amount     DTI: They told me it is not important and don't mention about itIt looks like as long as DSCR of the product is used, it will likely borrower's DTI will not be used.

Yes, as long as you reimburse them.

Why do you think purchase contracts are so long and have such small print?

How long ago did you purchase the property?