Will it be difficult to re-finance into traditional lending? 

Traditional and Section 8 applicants can all apply for any rental.I recommend asking market rent for unit #3, then vet your applicants properly. 

Besides the MREA and all of Gary’s books, Rich Dad Poor Dad is great for mindset.

If you go the traditional financing route, this will be required.2 - Start to be build a steady income history.

Fannie and Freddie aren't the only game in town of course, but that's where the good rates on a 30YF with reasonable fees are to be found (assuming you don't have a rich uncle, etc).Fannie matrix --> https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdfFreddie matrix -->http://www.freddiemac.com/singlefamily/factsheets/sell/ltv_tltv.htm

There are concerns: US businesses are delaying or cancelling investments due to uncertainties associated with the trade war and the presidential election (new president may propose new taxation on the rich and/or corporate).

However, I was talking about a traditional investment where you put the minimum down and let renter's pay down the loan.

If the note isn't good, then the next best thing would be to get a private lender to buy them out, or failing that a traditional loan.

To do this I have to go to the county recorder's office and file a Promissory note and record it with the office, much like a traditional mortgage.

Purchase price: $144,000 Cash invested: $23,000 Sale price: $225,000 Purchased home 4 bed, 3 bath 2855 sq ft, 5621 lot - originally for $115,000 traditional mortgage in 2009.