Sure for most occupant home owners with no money in the stock market and cash tight perhaps (just my views mind you) use of their HELOC to have a house they live in paid off sooner makes perfect sense. 

I live in CA and drove that route for years to visit family in Phoenix, AZ. 

Businesses are “living” organisms with a life of their own, usually having deep meaning to their owners.  

A little about me for context: I live in a very expensive market in Rye,NY. 

Live off of equity as you sell or live off cashflow.

Sometimes tenants bite, sometimes they don’t, but it’s worth a shot.Owner Move-In: If you’re planning to live in one of the units, you might be able to legally take it back.

Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

If you need the cash flow to live on and it will improve your lifestyle, then go for it.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

Do you want to live there?