A 30-year fixed rate mortgage is currently sits around 6.6% interest:All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

When I did underwriting, since a portion of the insurance costs and property taxes are collected at closing, I reduced those from the first year of expenses.

Some lenders might offer more favorable terms if the property is part of an affordable housing program.By combining grants, specialized loans, and local programs, you can reduce your out-of-pocket expenses for renovations and improvements while supporting affordable housing in your community.

These deductions reduce your taxable income, which helps maximize your profits.Finally, real estate provides diversification for your investment portfolio.

I'm working on various projects to get it ready to rent and reduce the immediate capex expenditures once a tenant is in there. 

Reduce local building expenses, fees, encourage investments where people want to be.

Paying down your mortgage may reduce the entire term of the loan and save you thousands if you actually hold the property that long without refinancing. 

I liked the reduced crowds more intimate event than especially last year’s event.  

To reduce expenses.

In your situation, it sounds like the primary focus for you is more a quality of life play (reducing your commute time), and the STR may allow you to break even cash flow wise?