Short Term Rental with Owner Occupied Loan

[Charlie Miner]

I'm looking to purchase a duplex with an owner occupied loan and rent out one half while claiming the other half as my primary residence. I say this as I would be looking to airbnb my unit ideally 2-3 nights a week. Am I still an owner occupying the home if I am living in my unit half the time? Thanks for any advice/feedback.

[Jeff Schemmel]

sounds like you may have read The House Hacking Strategy?? maybe not, if not you should read it!  Here's a link to the Minneapolis STR registration, where you can read about what the city cares about and what may be "between the lines".  The way I see it is, it's your house.  One of the many benefits of house hacking is there are so many ways to do it, and you should experiment to see what works for you.  My recommendation is to be OK with the returns without doing that, but reap the benefits of renting your side by the room whether that's long-term or short-term because it will amplify your returns.  One of the first questions I ask all of my clients who want to house hack is "are you willing to rent by the room?"  I specifically ask because you can get a real jumpstart in real estate investing by doing this - you have a great thought, and I think you should explore it but not rely on it to make a deal good.  Reach out anytime, i'm happy to help remove any hurdles for you to get started - mental or otherwise.