If you are concerned it will be too hard to find a renter, lower the price and rent it for three months, then place a new tenant at the higher rate after winter.

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

The issue is that if a contractor can deliver all three, their business will blow up.

They are two (almost three) months late on mortgage payments.

We own three at summit and they do quite well.

I wonder if this is sufficient.  

I had gone to Texas on three different occasions to put out his fires.

On the other hand, we also had three provide cash-out refinances. 

My realtor provided me with three names of folks he has worked with which is helpful.I spoke with the first one (who is a mortgage broker so not tied to one particular bank) and he said I would need to put 25% down on a vacation/2nd home, or at least 20%.

Felicia,Look first to see if there are other quads in the area, as your only zoned now for three units, so at minimum, you could probably make this a triplex in lieu of duplex.