Ut with the 7% interest rate ??  

You CAN start the process and even lock your rate and have everything ready to close on day 12 months +1. 

I'm willing to bet dollars to donuts they pay below market rates.

With rates high, it's harder to cash flow when you house hack now, especially if you need a larger unit.

@Linda RobertsDid they sign a lease agreement for the new lease rate?

This only applies to the investment portion of the property.Holding period: The length of time you've owned the property affects whether gains are taxed as short-term (ordinary income rates) or long-term capital gains (generally lower rates).

- Lower rates.

Understand the trends, property values, and rental rates in the South Hills area.

FHA loans on multifamily will likely have the self-sufficiency test for 3-4 unit properties and with current interest rates virtually every property is unlikely to pencil. 

As a mortgage officer, I can assist you in understanding loan products that suit your investment goals, such as conventional loans, FHA loans, or portfolio loans.Property Management for Self-Owned Properties: Leverage your management skills to maintain high occupancy rates and maximize ROI on your investments.I am a loan officer licensed in NC, feel free to reach out if you have any questions or need assistance with financing options.