To support some of the challenges some residents may have that feel they conserve while others don't, you can also take the # of occupants and the square footage and come out w/a higher ratio for larger units w/more people.  

Investment Info:Single-family residence buy & hold investment.

On June 21, 2024 Freddie Mac got approval to purchase second mortgages on SFH occupied by primary residents.

I used a HELOC on my primary residence to purchase a long term rental investment property.

"We are sorry that we cannot continue this insurnace therefore your policy will not be renewed...Material increase in hazard as evidenced by the fact that the residence is not owner occupied as required by our policy".

If you do plan to refi at or around the 3 year mark when the PPP expires I would also ask your lender about a temporary rate buy down instead of / or in conjunction with a permanent buy down.

My goal is to acquire a primary residence ideally before the end of 2024.

Husband and I are purchasing a property as our private residence that also has a small cottage on it we plan to STR. 

Investment Info:Single-family residence buy & hold investment.

Does anyone have advice for the following:Is it a good idea to explore whether to rent out multiple rooms in single-family residences for the purpose of acquiring adequate cash flow:Does BiggerPockets Pro provide a way to find demographical data on specific sources and motivated sellers?