We can change the terms to suit our needs, whether it's the interest rate, the length of the loan, or the amount of equity that is needed.

Rate will also be much higher, given that you can get a loan with a bank at 7% and you can park your money in a CD or High-Yield Savings at 4.5%-5% Interest.

I accepted a conventional loan.

Factor in property taxes, insurance costs, and maintenance expenditures to ensure your investment aligns with your financial goals.Take Advantage of Financing Options: Explore FHA loans for owner-occupied properties or conventional financing options tailored to multifamily investments.

What are some of the exit strategies to transition to long term loan? 

To find a house where the seller is willing to sell it to you Sub2 the existing loan you need to do quite a bit of marketing.

Would love to discuss what a DSCR loan cash out would look like on one of your investment properties!

And finally, do you recommend a fix and flip as our first REI endeavor?

Basically two ways to get cash from equity in an investment property without selling it - cashout refinance the current mortgage into a new loan, or get a second position lien (2nd mortgage or equity line of credit) to stack behind the first position and pull out the equity. 2nd liens are hard to get on investment properties right now, but they're out there.

. $150-200k to rehab the home.What is the best way to secure the loan?