So we’d be breaking even or negative until we could refinance.

But of course, a realtor is your friend in refining that true ARV. 

If you do refinance, the three things that will affect your cash flow are the amount of the mortgage, the interest rates and the length of the mortgage.

You could negotiated a limited term where they MUST refinance & pay off the loan. 

I was told I cannot do a conventional CASH OUT refinance once I lease it to an operator of RAL since lenders do not lend if you run a business in your house.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Starting with a cash purchase, renovate and refinance to potentially recover invested capital (as much as possible).I'm optimistic about this approach and eager to see how it unfolds!"

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Also there’s the potential to refinance depending on interest rates.

Consider factors like neighborhood, school districts, and proximity to amenities.Financing and Mortgage Considerations:Investment Property Mortgage: Understand that an investment property mortgage may have higher interest rates and require a larger down payment compared to a primary residence mortgage.Future Refinance: Consider the possibility of refinancing the property when you decide to move in, potentially lowering your interest rate and monthly payments.Loan Types: Look into loan types that might offer favorable terms for investment properties, such as conventional loans or FHA loans if the property meets the criteria.Rental Management:Long-Term vs.