Only do that though if you can pay it off or get close to paying it off within a couple of years before the interest rate changes. 

So I just closed on a duplex a couple days ago & Im going to be house hacking.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

I've been here since the beginning, or real close to, and am happy to help you navigate and learn the site.As for where to invest, it depends on your goals, your tolerance for risk, and how much control you want.  

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

Each note is reviewed individually and most note buyers will provide quotes once the transaction has closed, recorded, and the first payment made. 

However, you have to be extremely careful financing 100% of the transaction as you still need reserves, closing costs, etc. and make sure it cash flows.You didn't mention if this would be a rental or owner occupied. 

No 1.75% funding fee so conventional loans typically have less closing costs.

That could come close to covering expenses.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.