It’s true that while the 10% down payment for a second home sounds appealing, the fact that rate adjustments are now similar makes the distinction less about cost and more about strategy.A few years ago, I helped a couple in San Diego navigate this exact decision.

Great discussion; thanks for opening up this topic Mindy.

Anyway, we've made a decision, based on all the advice and knowledge from everyone here, to continue to look for a real buyer. 

That is a recent topic from 12/2 that Lindsey responded to with a list of providers from a different forum discussion on the topic. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

read these threads and see what you think.https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...and before buying something in Alabama why not house hack first in Miami?

I don't think I can see and downside to this decision.2.

There will be many people who disagree and say that focusing on my market alone is the "best" or "only" way to grow, but we can agree to disagree on this topic. 

You’re not at a real decision point today, so buy yourself time and see how long your luck will last.

Remember, buying a property is a financial decision that should align with your long-term goals and comfort.If the new lender offers a better rate and lower monthly payment, it’s reasonable to consider that option.