0 down conventional loan How did you add value to the deal?

Like another post said if it's after the closing, you might be required to refinance your loan to do it. 

Feel free to use me as a resource for any loan-related questions.John

I was completely wrong about being able to live with other tenants in the city and am really embarrassed and devastated with this situation.I got a lower down payment loan (10%) and good rate for this property with the intention of me living in it but I already know I can’t and am honestly panicking in tears.

But it does happen. the major risk is to the person you bought the home from. its their credit at risk.and of course if you put any down payment that would be at risk as well if things got bad.when you go into these deals you need to know if the bank does call the note that you can refinance and pay it all off or you have the cash to retire the loan.. anything short of that and your at risk .

You would get financing based on that info.I would start looking at SBA loans for something like this.

In 2022 I participated in a hard money loan and terms were for a year.

Most of the big banks who originate 80%+ of all loans, typical hold these on their books. 

The upside, we will be loan free and clear on both rentals and cashflow for both would bring in $1950/month.

At a typical 20% down ($306,120 loan), 5% interest fixed for 30 years, Interest starts at $1,276 / month.