If your rental rate is below the market anyway, a Tenant might consider this to be win as they would get the lower rate in the beginning and just rise to the level they were looking at everywhere else.Step clauses can be written right into the lease, or created by using 3 month lease terms with an auto-renewal at the step up rental rate price. 

@Austin Williams - Leveraging a VA loan for a house hack is such low-hanging fruit for financial freedom.

However, if the FHA interest rate is lower, I would still go that route and if rates drop refinance  however keep in mind FHA has PMI for life  Here you go FHA has the self sustaining requirement that requires the three non owner occupied  units to cover the entire PITI which with 3.5% or 5% down is virtually impossible with today's interest rates and price level.

@Chris Wagner- That's just too low an amount to make the claim worth it. 

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

Don't let the idea of a low interest rate trap you from upgrading to size/scale.

if it's low and you sell, that rate is gone forever. 

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I'm happy - the floor plan is exactly what I was looking for - tri-level 4/4- which is hard to find in the price range I wanted.

I have seen this range from as low as $100 up to $300.Do I need to pay anything before sitting at the closing table?