I have a house that’s a long term rental upstairs and a medium term downstairs.

Moreover, it allows you to set the terms of the lease agreement according to your preferences, which can help prevent misunderstandings and disputes in the future. 

If you are able to refinance out and remove your PMI that is probably the right play long term. 

Any tips you could give me on this in terms of viability?

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

It sounds more like you want to do work for a short time and have success without knowing much.

You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.

In the long term  expect RE to appreciate at a rate equal or greater than CPI.  

While I help people find their dream homes daily, my true passion lies in real estate investing and building long-term wealth.

Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.