I would make sure a bundle of rights for ownership are available individually, per unit of course, then worry about warranty and purchase options.

Soon I'll be purchasing my first ever investment property (Virginia) (MFH) and I honestly feel like I made a mistake.

The type of underlying loan (purchase vs cashout refi) will also affect seasoning requirements for the loan - several dscr lenders will require 6-12 months seasoning on notes that were originated as a cashout refi, even if the property meets ownership seasoning requirements.For fannie/freddie, youre looking at 12 months seasoning for a cashout refi.  

Should I consider: Purchasing rental properties?

Purchase price: $250,000 Cash invested: $50,000 Primary house hack.

But you can still find deals at $120-180k purchase price that do hit the 1% rule and you get amazing appreciation as well.

Plan is to purchase a couple homes over the next year.

What market was this property in and what was the purchase price?

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

I went all in, I had a few 401K’s so I cashed in the one that was growing the slowest and took the penalty and purchased my first property.