There is no additional "risk" on the note like a demand clause etc, but you have  extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.  

But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?

I hate to pay extra money for a PI on work we have already done. 

That single photo not only improved their CTR but also landed them in the “Cozy Getaways” category.Here are a few extra ideas I’ve seen work well:Seasonal Themes for Your Wow ShotHighlighting your property’s standout feature while keeping it seasonally relevant works wonders.

.: I think you made a mistake.Yes, you get extra money.

(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

I had tenants that stopped paying rent for 2 years in NY during the pandemic and we couldn't kick them out, i've had tenants move out and leave someone squatting and NY made it impossible to evict them so I had to pay them off, i've had tenants destroy their apartments before they moved out (maggots in the fridge, flushing their kids toys down the toilet etc) so i've dealt with real difficulty.

Possibly using mortgage/home equity loan on one unit we own to buy an extra one.3.