Almost all 4 baggers occur through one or more of the following1- Long term hold riding price appreciation.  

I bought these two houses that were next door to each other with a partner using hard money (3pts, 13% interest, and 1% extension fee every 3 months after the initial 6 month term).

I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental. 

- Are there other lenders you’d recommend for refinancing rental properties that might have a smoother process or better terms?

Some similar phone numbers and such to other short term companies that other people said were scams.

Quote from @Reed Rickenbach: John - as long as you are still following strict screening criteria I agree for single family.

If you are doing long term rentals and raising rents, you will have turnover of a significant number of tenants after their year of renting when you raise their rent.

That means there is not really an effect on the debt to income ratio neither positive (income) or negative (loss) but rather simply making that payment  non issue. 

This can also work with long-term rentals if you end up wanting to do that.

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.