Usually draw fees are very minimal though and if you plan them right, it can be a great way to replenish your cash or pay down debt from rehab.

More than happy to connect and strategize game plans any time.

I tell people if they can match their current rent or do better then it's likely worth it, but you may need to get creative on the cash flow part if you only plan on living their a year or two.

That sounds like a plan in my humble opinion. 

Plan to make some tenant improvements to push rents closer to market rate for the area.

FHA might be a good first step if you're strapped for cash.How long do you plan to hold the property?

If you have to do an ARM, have a Plan B to pivot if you need to sell or refinance. 

Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them. 

That sounds like a solid plan!

Are you doing the work yourself or what is your plan on tackling the operations?