You can get creative.......you can offer them interest only payment quarterly, annually, semi annually until you can refi them out with long term debt....

Looking to rent out the property for cash flow (After some small updates / maintenance) and continue to build equity and loan paydown while I house-hack into a 4-plex in the Volusia County area.

I self manage them, however I have one of the tenants serving as my maintenance person and primary contact for tenants with any issues.

Will require 20-25% down and can break even after expenses (management, PITI, maintenance)NE Philly, bucks county, Montgomery county have solid mulit families that work the best as LTR from what I am seeing.

@Joseph Henry Renting could net you $2800/month and offer tax benefits like depreciation, but you'll face future maintenance costs for the furnace, A/C, and roof.

Do you understand how to budget for maintenance, capital expenses, and vacancy/turnover?

Initial maintenance costs to get the place ready to rent (if not ready to go already)6.

Not having to go find a good cleaner and handy person, proof of regular maintenance on the hard systems (A/C, Furnace etc) helps.

If one tenant moves out or unexpected repairs pop up, the other property can help cushion the impact.Of course, more properties mean more responsibilities...double the maintenance and potential headaches.

Stupid me for not realizing it was only for 1-2 years which is essentially floating rate updated annually or every 2 years.