Lehigh Valley, PA.Had one for a while, ended up converting it to long term because it wasn’t worth the extra management

Small multifamily usually beats a SFH because multiple units help cover the mortgage, while extra bedrooms typically boost rent more than extra bathrooms (within reason).That’s why many beginners gravitate to Midwest markets, lower entry prices, solid rental demand, and a much better chance to break even or cash flow while you build experience and equity.

That can create appraisal issues if the price relies on the extra area.Insurance and resale can be impacted as well.

It took some extra time for my wife to run the rehab from 2000 miles away(we live in Idaho.)

The idea is not to do a BRRR or pull cash out, but simply to:⁍ Use less cash upfront on deal #1⁍ Preserve capital so I can move faster on deal #2⁍ Refinance later to remove PMI and ARM riskBased on my rough math:⁍ Initial loan at 10% down ≈ $180k⁍ To refi at 80% LTV without bringing cash, ARV would need to be ≈ $225k⁍ Realistically, most near-turnkey deals won’t hit that, so I expect I’d need to bring some cash to refi⁍ Estimated “extra cost” for this strategy (PMI + higher interest for ~6 months) is roughly $1–2kSo my core question is:Does it make sense to intentionally accept a bit of short-term inefficiency (PMI, ARM, refi costs) in exchange for faster portfolio growth and better capital velocity early on?

I could actually use the extra time to build a routine around learning, analyzing deals, connecting with agents/lenders, or even doing some side work like inspections.

The rehab took longer to do than expected and your hard money lender and or private lender has a penalty clause where the interest rate may increase if you didn’t meet a deadline or extra points are charged.

And i am now looking all over trying to find out when was it replaced, who replaced it, did i buy some extra insurnace or is there any manufacturer insurance, looking for replacement part and i need the appliance model number etc. 

I prefer year bult above 1977 without septic tank, crawlspace that is making much more difficult.

Any experiences with timelines or difficulties getting issues resolved?