Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

The main differences (besides rates/underwriting guidelines) is what you can include in your renovation costs.

The other main way I did it was by just telling people that I invest and kind of just talking about it all the time.

As a licensed Real Estate Broker in Maine, I managed the acquisition and renovation of 1272 Lakins Rd, Etna, leveraging my expertise and industry knowledge.

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

We lived in a little apartment above the garage and rented out the main portion of the house. 

Bad contractors are one of the main reasons why first time investors never do a second deal.

I live on the main unit. 

It's in on a Main St in an small town in NJ.

Lenders stopped allowing rent by the room due to modifications done to the property resulting in functional obsolescence and significant cost to cure in the event there was a default and they needed to foreclose on the home and resell it, given that the main buyer pool for single-family homes are primary occupants.