If you’re in this for the long term you’ll need to make the odds favor you, not hope that things will be ok.

I decided to hold off on the paid program for now.  

For multi-family going as a long term rental it will be hard to make cash flow unless doing a serious amount of down payment or getting a great interest rate.

Concentrate on knowing local market dynamics, financial planning, legal and tax implications, and long-term objectives.

There would be a 3+ year minimum hold and the opportunity to sell later, if desired.

Long and short, if you were to buy a primary residence at $500,000 you would have to put down 6%.".What are your thoughts at the moment?

Is it okay to make that investment and wait for a long term appreciation?

I also suspect you signed a tax proration agreement wherein you agreed any discrepancy in the tax payment would be handled between the buyer and seller and hold the title agent harmless.

This wasn’t our first go with short term rentals.

Thanks Hi Karolina, I meant to comment on your previous mixed use post, provided 50%+ residential and 85% occupancy should be several reputable lenders that can provide workable terms.