HML rates are currently around 11% plus a few points.

My wife and I own a couple duplexes in Florida, however with insurance costs on the rise, we're looking at Wisconsin, which is where my wife is from originally, and we're looking at small multifamily in Sheyboygan. 

In my experience, tenants that remain in place for 5+ years are almost always behind market rates.

These will be LTRs and I will most definitely be playing the long game with these.In addition, as rates go down in the future (hopefully) I plan to refinance as most of us do.

Economic UncertaintyEconomic pressures, such as inflation and fluctuating interest rates, created hesitancy among renters.

The only real differences are the rate and term.

I'd only consider refinancing the primary residence for the best rate. 

The deal is structured with partial seller financing ($766k) below market rates (varied on each unit).

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due. 

Combining short term rentals and a venue is a huge advantage because guests would not have to travel far and you could offer better rates as part of a event package.My current venue focuses more on baby showers, content creation and birthday celebrations rentals.