If you can get a primary residence rate on it and STR it when you move out, you'd probably be sitting pretty. 

It is good to make this type of deal if you have a property that's hard to sell or sitting.

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

That is something I just need to sit down and see how each lender conducts it. 

PM's have a similar stereotype to landlords...everyone thinks they just sit around counting all the money they are swindling people out of.

Are you going to sit next to your accountant and watch that she does not take any breaks?

Interest Rates have dropped slightly and are currently sitting at 6.49% on average for a conventional loan.  

In reality, it was a no cost sit down with someone my mother worked with in the past who helped her with her current home, and had a lot of the numbers and information of the home and equity we were looking to access.

As we currently sit, interest rates are moving in a favorable direction meaning more and more buyers will begin to enter the market for investment properties.

Thanks for mention mate,Happy to help and offer guidance.We decided to totally pull back on taking on new investors and will just help our existing investors purchase from time to time.It's not worth the baby sitting drama involved and I see folks would rather BRRRR so we will just do the PM and fix the F@#$ ups and charge appropriately for it 🤷‍♂️I moved to the US 12 years ago to build my own portfolio and all I have done was help others build theirs lol.I don't even have a larger portfolio than our highest volume investor...What a joke for me hehe