If you're not sure about your contractual rights and obligations, seek legal counsel.  

Absent the DTI "immediate credit" he may not qualify for a new loan for the size of home he seeks inside of the 9-12 months after he sells.

If no other debts to pay off, I'd seek diversity in liquid debt mutual funds like BDCs. 

Thus, I'm not seeking 100 occupancy.Staci 

and also, what is the pre-payment penalty on the DSCR loan? 

Hi everyone,

My name is Luis, and I’m starting real estate school on January 2nd. I’m eager to gain hands-on experience and learn from an experienced professional. I’m willing to volunteer my time to assist with ta...

Hello to all. I am a soon to graduate 22 year old student athlete/Husband/Father. As an aspiring investor I am at the stage where I am looking to learn through mentorship. Would love advice on how to find a good mento...

I don't have a good understanding of your desires or what you are seeking.  

The longer the better, but keep in mind that many of these structures have severe prepayment penalties so using 10 year debt for a 3-year hold creates a problem. 

None of us are as smart as we think we are when an investment goes right.Lastly, I'll borrow a thought from Morgan Housel - don't seek the investments with the best returns; seek the investments that will allow me to make an average return for the longest period of time.