But if you would like to take advantage of their rates and terms while at the same time decreasing your tax burden then this post is for you!

If you are 1 BR competing against hotels/motels it will affect your rates. 

You are basically saying that you would like to transfer the long-term maintenance and upkeep issues that are coming soon to a new owner.

Down payments are still standard for FHA or conventional (3.5% of the total cost, purchase+construction) and rates are on par with standard FHA rates. 

Take Home Pay:  Approx $105K/YearMoving to Colorado in the next 6-9 months Living with a friend for extreme discounted rate Own two homes, one in Colorado cash flows around $250 , one in Florida (property of topic) [Mortgage$3200 HOA $440]

Often rates trend a bit higher compared to the 1-4 unit program. 

Transferring the conventional mortgage to the LLC afterward will, in many cases, trigger the due on sale clause which will cause you to go get the commercial mortgage anyways.The DSCR loan could be an option.

If you have a loan, you may wish to look into due-on-transfer clauses.

What are vacancy rates in your market and does the current tenant plan to re-up for another year?

I have included an addendum for the seller to not alter or enter a new lease before or after closing which will give me the chance to enforce my new lease at the beginning of July if everything turns out all right and if extending past June than lease will be transferred month to month.I'm assuming I would still run the current tenants through my own screening process.