(Get an owner occupant loan.)Can you seller finance it for more?

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

House hacking means you can use low-down-payment loans (FHA/VA/Conventional) to keep more cash on hand.Network with Investor-Friendly Agents – A good agent who understands house hacking & multi-family investing is a game-changer.

Below, I outline several incidents that demonstrate the importance of vigilance in this industry.Incident 1: Noble Capital LoansNoble Capital Loans presented itself as a Georgia-based corporation with favorable loan terms.

Hi Henry,I'm a licensed loan officer in Georgia, if you need help with anything up that alley, let me know! 

You just can't beat the financing available, the rate is good but the LTV (96.5% on FHA loans) is unbeatable.

Very likely the condo project would not even be eligible for an FHA loan.

Look for undervalued properties, explore FHA loan options, and consider mid-term rentals to maximize income.

and then getting a standard mortgage after that vs. getting a construction loan to pay during the build and then convert. 

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?