Nice smile!

Nice one, Marcus!

That's a nice situation you're in, and I wouldn't touch the underlying 2.625% loan.

The income tax may be written off anyways and I benefit from the lower property tax rate.You bring up some solid points.

The older parts of the city will have this type of housing as the newer portions will have more traditional family-style living.

Each state has their own eviction laws, and I would want you to set up it right on the front end.From what you've written, whoever has the ownership shoudl be the landlord on the lease.

While its nice to borrow as much as possible, the risk involved can sink someone as in most instances their is personal guarantees involved and lenders will bankrupt sometime to try and get every penny they are owed. 

I don't think they differentiate the rental type for the writeoffs.I've researched this a fair amount, from what I understand there's an exception section 469 of the tax code that says if you actively manage the str and have an average stay length of 7 days or less then it's treated as an active business and the income is therefore not passive and expenses are able to be written off against W2 income.

To put it nicely, I would proceed with extreme extreme caution, if I were in your shoes. 

I have found some options which seemed ideal in sync with the BRRRR method, however from looking on sites like Zillow and Redfin, there just seems to be so many available options, for nice rentals and good rates, so would it even be ideal to buy in the area if it would be so difficult if even possible to find a tenant?