If you can rent it out, get it rented out, get a year lease, then start approaching commercial lenders for either a DSCR loan or a 2nd mortgage, with cash out. 

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

Accounting for 10% management, 5% vacancy (2 year lease locked in on tenant that has been there 2 years already..) 10% cap ex, and 5% maintenance.

I started my first year with a 3 day minimum because I couldn't find a cleaner who could do Saturdays, they were all booked up. 

@Mitch M.See prior discussionhttps://www.biggerpockets.com/forums/48/topics/1154727-foreclosed-house-with-solar-lease

From what I've been hearing it's approximately up to 3 months to place section 8 tenants there but the leases can range anywhere from 1-5 years.

Originally posted by @Mike Cumbie:Question 1 is do they have an existing lease?

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

Also, you need to be prepared to screen prospective tenants yourself and verify vouchers before committing to lease.

If cash flow means you make $8 more than your mortgage payment in month 4, awesome, you have $8 for that month.But.... if you factor in closing costs, make ready costs, leasing costs, repairs... it's typically years out until TRUE cash flow, with a value add or a turnkey (unless you absolutely knock it out of the park with a BRRRR and then somehow cash flow after the refi, which I guess is possible but very unlikely.)