We pretty much stopped doing any MF in Indy about 5 or 6 years ago because most are old SFR's converted to MF and are located in rough neighborhoods.

Equity can be converted to cash flow whenever.

Maybe we can get/build a LTR for now with the idea to convert it over later on?

If you can convert @John Underwood into a client.... you’re on to something

@Jalaj Punn  While it's true that most leases convert to month-to-month after the term of the lease expires, they don't have to.  

Property has been converted to a single family home but was a duplex.

Need to verify, but there's only a very small chance there's enough room to convert it to a two-car, so current garage situation is likely as good as it gets. 

That way, when you move here, you can move into that home and convert it from a rental into your home saving you the capital gains if you live there for two years.We have lots of coffee shops around the Boise from Starbucks, Moxie Java, Dutch Brothers and Treasure Valley Coffee which has a great on site coffee shop with WIFI called The Roastere. 

We finished our first investment property in May 2020 by converting our single family dwelling into a duplex (legally), and are currently house hacking the property.

Private lenders typically do bridge loans as interest-only, but those are going to be higher interest (think 8-12% right now), and typically only for 12mo, possibly with a fee to extend.I've done longer-term private notes with local banks that are interest-only for a certain period before converting to P+I, but I want to say I've heard of others (pre-COVID) doing 3-5 yr interest-only notes typically with local banks/credit unions.