It’s FURNISHED HOUSING with a 6 months minimum lease term.  

That's before you pay any debt service.To answer your question: No, it's generally not a good idea to lose a bunch of money every month.

We're hoping to be able to only have 1-2 months of vacancy so we can turn it and keep the train going. 

The information contained in this post is not to be relied upon.

I have to decide if im going to use a new injection of capital from the sale of my primary residence to:1) Hold in treasury bills at 4.5 percent until I find another property to purchase2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent3) Just find something to buy that beats either of those percentages on paper and be done with it4) Possibly loan out some hard money/broker it to a friend to allocateIts never an easy decision, but its a good problem to have.

The terms remain the same, we still pay the monthly mortgage payment.

Extra 4 months of carrying costs are up most of the margin.

If you cash flow $1K per month for 36 months, and then sell with the ability to pull back your original investment, would you consider that a win?

A triplex that cheap is hard to come by I'm curious as to which market you're investing in and the state of the property.

Cost to get units ready to lease out again?