The con of this though is that the monthly payment is much higher, thus reducing my cash flow significantly (if anything).Since I am somewhat new to real estate, I know there are more variables to consider like appreciation, or refinancing or HELOC down the road.

You are going to need at least 40% down.

Happy Sunday all, Currently house hacking a 4 Plex property in Chicago, utilized the Fanni mai 5% down.

My guess is you will need 25% down for commercial financing.

When you say you use HML to purchase the BRRRR property is the HML funding the entire price or just the down payment plus you are getting a commercial loan?

It's sell, take the 100k profit, your at 360k in the bank, VTSAX or money market and chill for a bit, see how this market/economy thing plays out, rates have to come down no one can afford at these rates, then maybe look to refi and get the rate under 5%.Also something to think about.....

FHA is usually what people do in this case since the minimum down payment is 3.5%, but you may also quaify for conventional with 5% down.

The house was originally listed for $262,000 and I was able to get the price down to $232,000 based on the condition of the home.

Are the difference in rates for 25% down and 20% down?

Just want you and others to be careful as they have been cracking down on this.