What should I be concerned about other than not being able to bump rents with tenants that have signed for such an extended amount of time?

Or is it a better idea to ask our hard money lender to extend our terms for six months? 

And who knows if it gets extended.

Sorry, I shouldn't have used the term "extended coverage".

Sometimes they make us submit something agreeing to extend the lease for the holdover period, but most of the time they don't even do that. 

Hey there @Daquille Ferguson,Here are a few tips:Think About Loan TermsCash-out refinances extend the length of your existing mortgage loans, while HELOCs add a second loan to your current time frame and therefore an additional monthly payment.

The downpayment assistance plan and others should be looked at to  extend your funds , buffet against overages and potentially propel your acquisitions.a good agent will know from a conversation about your commitment to working with them and the amoutn of deals you will be doing in the marketplaceMany have off market inventory they could open to you once you both understand one another and are committed to the porcess.

Couldn't get a preapproval letter in under two weeks, we would resubmit documents multiple times, they would lose things, not request the right documents, it was abysmally slow and after 60 days in escrow, the seller was not going to extend again. 

I mean, I had some applicants want to give me a lump sum of cash but it was due to explainable circumstances like a housing/rental shortage or extended, out of country travel.Get landlord references.

They are a great family and they have asked if they can extend for an additional 28 days.