Usually in our deals we have communication standards in the contracts, some examples: We are required to send full financials every quarterWe are required to respond to inquiries from investors within 7 daysWe are required to communicate any changes to the operations team (general partner removal from position, change in asset manager...etc) within a certain time period. 

If you keep the house over the same period, its value will hopefully track or outpace inflation and your heirs can inherit it.

Investors will sometimes choose the second option / 40 year term because during the 10 year interest only period, the mortgage payments are lower compared to a 30 year fixed so more rent is going into the investor's pocket.

On my end, I’ve managed to save about $80K and still owe $17K in student loans, but since I’m in the grace period after graduating in May, I’ve held off on paying them to keep my savings in a high-yield account for now.I’ve been exploring Midwest markets where property prices are more affordable, and I feel like this might be the right place for me to start my real estate investing journey.In the meantime, I’m also working with my parents to convert their single-family home into a three-family unit.

(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

Truth be told, most will refinance their 5/7/10 year IO loan before it ever reaches the adjustable rate period.

Typically though as part of this cancellation they give you a time period to fix the issue.

@Christopher Morris November of 2023 was one of the highest rate periods we have had in a long time.

However, if it's close or below, you may struggle with cash flow, especially when the interest-only period ends and payments increase.If you’re uncertain about rental income projections or want help analyzing the numbers further, I’d be happy to assist with more detailed calculations or financing advice.Best regards,Drago

@Bruce Lynn isn't there a shorter redemption period if the property wasn't homesteaded?