I have a good opportunity with an off-market deal that is currently exclusive to me.

Can you refi after it is closed after sometime and pay off the mortgage with funds?

Right now competition is lower because buyers are scared off due to what they perceive as higher rates.

Can't say I have studied cards very much, please make sure you, or someone pays off the balance every month!!

Right now I think rate would be around 8% if you start off with most banks and lack connection.

We used the debt snowball to pay off 10 houses and then borrowed against them at 50% DTI and bought a STR. 

So we bit off a big one for a first investment!

BiggerPockets happens to have a book on the topic written by yours truly--it's available here:  https://store.biggerpockets.com/products/the-hands-off-inves...

In recent years, the multifamily real estate sector has experienced unexpected turbulence, catching many investors off guard.

Also because my partner and I have family here, so we do not want to venture too far for our first property.We want to start off house hacking to reduce our living expenses, but specifically looking for properties that will cash flow once we move out of that unit.