@John Hanewich building new is always a good option especially if you have the necessary licenses and can do some of the work keeping costs down.

The current option that we are looking at is buy, live in 1-2 months of the year, convert to MTR or STR for the other months (especially since we are flexible on our end). 

You won't find many refinance options on these types of projects besides going the SBA or USDA route most likely.

Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.

@Brock Bernall As a rookie House hacking is the best for getting started has the lowest risk and best profit for a low down payment option.

Plenty of options if you have equity/assets and an exit strategy. 

They tend to have worked with a lot of PM's in the area and can help you weed out the good and bad options. 

But if presented the option between multifamily real estate and single-family house hacking I think that multi family house hiking is superior.

Always evaluate your options based on ROI and the impact on tenants to find the best path forward.Good luck!

But Lo and Behold, you will have state regulators and prosecutors, coming after you, painting you as a Devil incarnate to make some headlines and parade themselves as protectors of poor home owners, who are set up and guaranteed to lose their homes when they have no options to reinstate the loan a day before auction.