One of those options is to let the tenant know you won't renew their lease, then offer them the opportunity to leave early if they find another rental.

Hey @Tom Ochieng,The next move is to wait.

The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

The most important rule is to have the cash flow of the new property be able to pay all its expenses, mortgage, AND the line of credit back.

@lee sanders    the key is to have good property management, i had a 2 family I loved and sold it just to get away from the tenants. 

Our current plan is to purchase our first home and live in it for 2-4 years before moving to a new home and using this first property as a rental, so my fiance and I are currently in the market for a home that we could use as our residence during the offseason and then use as a short term rental or something like that while we are away for 6-7 months.

My thoughts: don't get set on just one trend since your goal is to purchase in 2026, as we've all experienced, a lot can happen in a year.  

The plan is to keep operating the property as a PadSplit post-acquisition.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

If you are going to get a DSCR loan, you cannot live in the home, end of story.There's plenty of qualified LO's around here who's job it is to find the best product for you.