Drop me a PM or use my contact info if you should ever want to talk. 

Purchase price is about 280k I would put 20% down so loan for 224kTaxes are about 5k / yearInsurance is 2800 / yr escrow or 2500 in fullMortgage rate 7% credit score 760+Mortgage is $ 2150 ish. +/- 50$Current rents are 1000 per side which they say is low because it's paid off for my family member They say market rent is easily 1200 per side I would likely inherit a tenant on one side at 1000/mo , older retired single guy So if I house hacking and pay 1200 and raise their side to 1200 it's would cash flow about 150$ not including maintenance so.

Conventional loan, 25% down at ~7% interest rate How did you add value to the deal?

Some may also have a 6-12 month ownership seasoning period before allowing a refinance.Loan Terms & Interest Rates – DSCR loans often come with higher rates than conventional or owner-occupied loans.

Keep in mind your mortgage pricing/rate may change by doing this, so good to loop in your lender early on to let them know your intentions. 

We do this, hourly rates and pretty common in Texas.

Hard Money  = There is nothing wrong with taking a hard money loan at a higher interest rate as long as you have an exit plan and can really drive to a time table to not turn that hard money loan into a long term loanDSCR - Pre-Payment Term: I see a lot of lenders sling out the 5 year pre-payment term to flash the lowest rate which could be an investor in a pickle if they need to do something different with the lending portion of the property in the future.

I found out that the seller is very motivated and is offering ALL types of creative financing options with rates as low as 3.75%.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

Hello Leyha, Buying your first house with an owner occupied mortgage will allow you to come with less cash at closing and give you a better rate.