Was this not an option for your contractor?

If you can house hack and there are available two-families in your area, this is a great option to start.

ROC USA is your option but that is a big number and you may be running out of time at this point. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I’ve seen properties advertised that the tenant is responsible for the HOA and it just screams cheap owner don’t rent hereLawncare - optional.

So on the surface, this sounds like a solid deal, compare it to any other available options and if it makes the most sense, pull the trigger, kick it out and then keep growing into the next one.  

Has anyone closed these new 40 year DSCR cash out loans I see advertised as fixed rate options? 

So the only options are to house hack or buy and sell- which isn't honestly the best idea right now. 

The options are either the tenant pays for the damage of any of their household occupants, human or animal, or they get evicted.

Slow stable controlled growth of a portfolio lowers the risk as a broken furnace is spread across a greater cash flow base.