I live near downtown Tampa and I am open to exploring options throughout Greater Tampa Bay…If residential, I’d prefer an individual condo that has HOA flexibility for a STR or multi-family properties.  

The thought behind doing Tenant B in a month-to-month is that I will not be locked in to having that other unit below market rent, and I can have flexibility around that unit if we needed them to get out for renovations as well. 

Thus it is opening the opportunity for lower down payments and sellers being more flexible to work with buyers since there aren't 5 cash offers one each property as folks are looking to park 1031 money.

HELOC's win when it comes to flexibility. 

You will not get financed from a traditional lender for 3.5% down and if you could you also should not as you will be over leveraged and have little flexibility in case of a downturn or high vacancy

There is just so much flexibility in a private lending situation that if you pay that little bit higher rate for that level of flexibility, then it is up to you to determine if that is of value to you as an investor. 

Individual private lenders like myself have the flexibility of doing that, and basically it ties two properties to one loan, so if the loan defaults, it's actually going to be backed by two properties.

We gave lots of flexibility and offered a pretty penny, but since our rate is so good, it made sense to hold onto this one as a rental rather than sell when we decided to move to be closer to family!

Find one that has flexible pricing options to meet your needs, excellent customer service to walk you through the process, and a referral affiliate program.

If you make a good purchase you'll have more flexibility with rehab.