A lot of investors don't realize the power of fixed 30 year debt over time.

Prohibition on Additional LiensBorrower agrees that, during the term of this promissory note and until the full satisfaction of all obligations herein, Borrower shall not create, incur, or permit to exist any other liens, encumbrances, or security interests on the property serving as security for this loan, without the prior written consent of Lender.

In addition, I don’t yet have 2 years proof of income to obtain more traditional financing.

At the top end of cap rates, deal profiles that lack a sizeable rent growth story and rely on bank or CMBS debt can find yields in the 6% and 7% range.In October, Faropoint purchased two 1970s vintage business parks outside Newark, NJ, from a venture between Camber Real Estate and Advance Realty Partners.

It’s not a fee you owe in addition, you just owe the rent.

It’s tough to find good multi family properties, but SFRs should provide some opportunity, including in many areas to build additional units in the coming years (new regulations will kick in mid 2025 in most of the urban area to allow multiple homes or a home with 2 ADUs on SFR lots).

I would refinance the homes with long term debt and rent them for 2-3 years and then either sell them to pay a lower long term capital gains rate and put the money into a syndication, or 1031 them into something larger or invest in a Delaware Statutory Trust (DST). 

If your cleaners however need to spend extra time on the stove, fridge, tub, etc. and they charge you back for additionally cleaning time beyond normal wear and tear, those are also charges you can bill back.Be sure to return the security deposit within 30 days of move out.