All the way around I do not think this is a smart play.

Smart.

Leveraging an FHA 203K loan for house hacking is a smart move, especially with your unique position in a market with unmet demand for student housing page link.

San Antonio is a great market for smart STR investors and I own a local STR management company.

I'm not as cool or smart as you guys,  all I can report is that rental demand has been steady and a lot of buyers looking into the Ocean View area for investment purposes. 

Maybe I moved in to it for 2 years with my wife and then sold it so 1/2 of the $ 1million was tax free and then did a 1031 with the remaining $3 million to pay zero taxes, if I was smart. 

I don't know how many people use those but you'd have to be smart and good in mathematics and take the time to figure this out and I'd suspect many people don't realize it.

Hey mate,Agreed that many PM's suck and it's very hard to find a good one.But I also believe that managing out of state is suicide.Do your best to control the emotions and to think smart in moments of despair 🙏Take the time in finding another trusted PM.Just my opinion.Much success.

Young guy, aggressive, but very smart about your short and long term tax ramifications.  

But at least those company will quickly shift their focus to new without hassling you for months.So my final take is that - IF you get the right company, a warranty plan is actually a smart financial move - and I never thought I'd be the one saying that!