My intent was always to hold them and I'm comfortable with the rate of return considering the value of the property, but this takes me back to my original question of not knowing how to flip effectively. 

I was originally avoiding conventional because I didn’t think I could prepare a 15%-20% down yet.

Originally, my lender said there wouldn't be an issue financing the home as a primary residence because I am on the deed and will be living there.

Alex While there's not enough information in your original post to provide advice here are some things to consider:1.

I think that letter, my original personality shows, which is not good.I will certainly morph my template to yours in the meantime.

Originally posted by @Martell T.

Right now its generally as little as 12.5 bps (1/8 of a percent) at most lenders so not really worth it.Regarding the terms you posted - I ran these through our sizing and they look in the ballpark of market, not much better or worse - with some assumptions, our pricing looks to be 8% flat with zero origination fee/broker fee and $1,000 underwriting for this scenario. 

@Bhushan Shinkre my bank does not charge if they originate the charge from their bank. i don't see apartments.com charging me.

When did your purchase and what was the original loan amount?

It wasn't original as kitchens built during this time were very small.