We'll certainly want to keep the property tax basis as low as possible if we hold it.

Cost to build is $350K (I am managing it all myself and calling in favors around the city to get low rates on materials and labor).

An 80% occupancy rate indicates low demand. 

Can you tell us what your fees are for this loan to achieve such a low rate? 

They didn't actively advertiseour home on websites and we had low tenantresponse.

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?  

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

You’re in a great position with a property that’s appreciated significantly, a low-interest mortgage, and clear goals to boost cash flow and transition into full-time investing.

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.