Generally there are three categories of multifamily investment properties – which will greatly determine your loan options.These three categories are based on the number of units at the property.2-4 Units: While these are “multifamily” properties in the sense that there are “multiple units” – you will generally have very similar options for financing to traditional residential loans on single family rentals – think the traditional 30-year fixed rate conventional option or DSCR Loans – and the coveted 20% down payment option too.

It does say they are in default of the lease if anybody other than the named tenants occupy the house, that they must comply with the hoa rules (which restricts str), and that subleasing / transfer of the agreement is not permitted.

Given my credit is terrible but I only want a small amount of money what kind of rate do you think would be fair?

I don't want to move the property to an LLC right now since I am looking for a refinancing opportunity when interest rates go down.

Will the renovation bring in a higher rent rate and pay for itself?

.- An acceptable market entry range with factors such as the property price, down payment, and interest rate considered.- Do I enter immediately when I am financially ready, or should I wait until I’ve reached the projected savings allocated for this venture?

But if it feels like it's bleeding you dry and you are in a place to hold it to wait for either rental rates to go up or for the appreciation to build a bit more, then yes, I'd go ahead and sell.

My rate has jumped from 4% to 10% so it's hard to find something better than 10% to make it worth it.

The mortgage payment is based on the interest rate and term. 

It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.