The term includes cooperative apartments, condominiums, and the like." 

Also, on the refinance, I would have the same question about the term of the loan.

You need to have had me aware and agree to these terms and conditions.

Our practice has been to write a lease for their contract dates (typically 12 weeks).

If terms like this aren't in your lease, they should be.

The commercial units would need high credit tenants with very strong, long term leases for this to work. 

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

If this is a primary, you will have a good rate/term with a local bank/CU.

The Fed recently adjusted its short term projection to one quarter point rate drop for 2024, though it had earlier predicted as many as three drops.

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.