@Joel MoraThis is the area of real estate where most of it lies, which is in the gray area (unlike every guru telling you it’s black and white).

Explain it is more expensive than you thought to own the house (real estate tax reassessment, etc) and you want to escrow for making future improvements.

I am new to real estate.

It's an older book, published in the 60's I believe but I read "how I turned $1000 into a million in real estate in my spare time" by Bill Nickerson years ago and got a tremendous amount out of it. 

Central Florida Realty Investors a local real estate investors group, has a Brevard chapter you may want to consider joining.

In my opinion, you can go wrong on ANY investment strategy BUT if you're thinking about investing in real estate house hacking is by farrrrr the most forgiving strategy.

This type of contingency is known as a "lease-up contingency" and is sometimes used in commercial real estate transactions.

I have contemplated doing a conversion like that with existing warehouse or office space but I am extremely new to commercial real estate investing and I think that is beyond what I'd like to tackle in the beginning.

Now if this is clearly disclosed, at the end of the day it is your business and you can run it how you choose.Keep in mind, there is a lot of competition in new PM businesses because of the changing real estate sales market.

Recommendations for Commercial Lenders in ArkansasHere are some commercial lenders that operate in Arkansas and can assist with financing an 8-unit multifamily property:Local Banks and Credit UnionsArvest BankOne of the largest banks in Arkansas with a robust commercial lending department.Website: Arvest BankBank OZKKnown for its commercial real estate lending.Website: Bank OZKSimmons BankOffers various commercial real estate loan options.Website: Simmons Bank