And my goal would actually be to pay off the loan in less than 10 years (or just refinance it with the bank in a couple years).

I wouldn't think just turning it into a rental would be the best bet, but it's an option.

If you end up not doing so, you'd better have a good reason to break that promise.Of course, after that year, you'd need to refinance out any owner-occupier loan before applying for your next one.

If it's a value add opportunity you can refinance them out if you get the value up.

@David Eichhorst Had not considered a cash out refinance, thanks for the suggestion!

So, can you tell me your type of loan, like:traditional mortgage types (FHA, VA, conventional)hard moneycommercial mortgage (like a portfolio loan or secondary market commercial)private moneyHELOC Seller financingPersonal savingsIf you did a BRRRR deal, you can list both the purchase and refinance source.And if it was a traditional mortgage, hard money, or conventional mortgage - what company did you use to originate the loan?

It's safe to bet on 20% of the loan, plus 25% of the rehab costs, plus money for holding the property.

I had my plan and strategy all worked out - complete a few value add projects on my home by end of May, refinance, ARV opens up about $90k in equity.

I'm really curious how others relying on this strategy hedge their bets to decrease their exposure.

I wont even be able to make money if I sell the  property and make money out of it if I refinance.