Your long term lease vs a more pricy but flexible leases you offer your friends could will net profit.

Yes I do have a W-2 job, the good thing is that my job is flexible enough for me to do jobsite visits if need be.

Since a big piece of the realized returns come from sale, building in flexibility for the sponsor to be able to best time that is key.

It’s unlikely I’ll allow this flexibility in the future as the only reason i did this time was due to the pandemic but I’ll do that if this situation arises in the future.

I had a quick stab at underwriting the property and it does not cash flow; so only take on this property if you have a boatload of cash available and if the seller is very flexible.

In this case, you have more flexibility on location and no need to worry about PM.  

We're mostly looking at just getting one property for now but it's nice to know there is sometimes flexibility with these other types of loans.

Is there any flexibility with that reserve requirement when refinancing?

Rates are insanely low, you have a lot more flexibility and you'd secure the property. 

Hello BP,I have some Rental properties in Baltimore MD that I want to refinace or cash out, Have you worked with in MD, DC & VA area local bank or credit union that's flexible and investor friendly?