What are some of the exit strategies to transition to long term loan? 

Rate will also be much higher, given that you can get a loan with a bank at 7% and you can park your money in a CD or High-Yield Savings at 4.5%-5% Interest.

I accepted a conventional loan.

Factor in property taxes, insurance costs, and maintenance expenditures to ensure your investment aligns with your financial goals.Take Advantage of Financing Options: Explore FHA loans for owner-occupied properties or conventional financing options tailored to multifamily investments.

To find a house where the seller is willing to sell it to you Sub2 the existing loan you need to do quite a bit of marketing.

You are in one of those situations where you don't know what you don't know.

Would love to discuss what a DSCR loan cash out would look like on one of your investment properties!

Avoid this situation if you can't at all costs.No one has a crystal ball.Good Luck!

Basically two ways to get cash from equity in an investment property without selling it - cashout refinance the current mortgage into a new loan, or get a second position lien (2nd mortgage or equity line of credit) to stack behind the first position and pull out the equity. 2nd liens are hard to get on investment properties right now, but they're out there.

It would make a nice package for a DSCR loan.