While rates can be higher, they are efficient for temporary needs.2.

What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan. 

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

The rates will be lower and will allow you to maximize profits.

Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

This would allow you to maximize tax deductions at ordinary tax rates.

Quote from @Ryan Mcpherson: Moved to Austin for work and purchased a home in 2021 with just under 4% interest rate.

Comes with a known rate, a known term, a known payment. 

With 56% appreciation rates in less than 10 years, even the stock market can't beat North Carolina!

A smaller building that used to be a small community bank that could easily be retail space/ cafe.I will qualify for conventional financing for this property, but with interest rates being what they are, I'm not sure that's the best option.