I take it from your comment that your preference is to Ground lease?  

How will appraisals work if the property is not even close to move-in ready?!

@Matthew Posteraro I wouldn't necessarily say that it is a way to make them more hands-off by scaling up to larger properties.

Just make sure you're actually putting pen to paper and doing your due diligence on underwriting. 

Here’s how I’d approach it:For the 9.5% Loan: Refinancing into a DSCR loan makes sense to lock in a lower fixed rate, especially if your goal is stability and better cash flow.For the 7.25% Loan: If the local bank's investment HELOC offers a competitive rate, consider it for flexibility.

Family Centered Neighborhood, Brand New High school being built within 5 miles How did you find this deal and how did you negotiate it?

How has your experience been so far?

I had another recommendation that we purchase the property at $300k down and then make interest only payments for 3 years to the seller so that we could obtain title immediately, then by year 3 we can hopefully refi.

If the bill is $100 a month split between four units, increase it to $120 and charge each tenant $30.How to calculate charges.

Owner/Occupants want function and style.Investors perhaps more numbers focused...probably want numbers to work day 1.Owner/Occupants....they'll stretch to make the numbers work....what can we cut to make our dream home work for us.Personally I don't think either thinks about exit strategies too much or maybe even not enough.I would say Owner/Occupants way way more focused on cosmetics and less about maintenance.