You're feeding 2 dogs with one biscuit by taking care of your living expenses and generating rental income at the same time, and by living in the house and keeping it to 4, you generally get exemptions on things that might bother you to live with (IE you can choose whomever you want as your tenants without running afoul of fair housing laws).

If you said the property was valued at $200k, then 2nd position may still bid in an attempt to run up the numbers depending on what kind of haircut they're looking at. 

Use tools like the BiggerPockets calculators to run the numbers and ensure the properties align with your investment goals.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.

I’ve hit multiple home runs off deals I found on LoopNet.

We have more people than I can count doing behind the scenes work to make it all run, hundreds upon hundreds of people and vendors.

In my opinion, the hardest part of STR is getting it up & running.

Running was easy!

You haven't told us anything about what you plan to do after purchasing the property, so it's not clear how important interest rate is in the long run. 

When people take advice on here, they need to consider all things involved and not run with one perspective.

Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans.