House Hacking in Northern Colorado

[Anthony Bratina]

My wife and I are looking to purchase our first home in Northern Colorado.  We want to purchase a duplex, fix it up, and move out after a year or so and make it a rental.  I have a few questions regarding this:

1. Is it worth it to try and save a little longer to have a higher down payment so it will cash flow or is it better to get in as soon as we can and reduce housing costs?

2. I read that if we do an HSA loan then the only way to get rid of PMI is to refinance. Given that rates are very low currently, is it worth it to gamble and hope that rates are still low when we reach 20% equity?

I hope this makes sense.  Let me know if you need more information!