Quote from @Zach Rumfield: This particular property might make for a good house for professors or staff at Delta State if anyone has connections to that school.

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

You do not indicate what your current interest rate is.  

This has definitely paid dividends for us when it comes to mortgage rates and lending options. 

The downer is that financing through an LLC would mean “commercial loan” which has a high interest rate of nearly 9% in today’s high rate environment.

This will give you more time to shop rates/fees than to be under the gun with a purchase loan. 

While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces. 

Along with that you purchased at a decent price, cheap rates so your mortgage should not be expensive.

The jury is out on summer, but we are already cutting rates significantly to get bookings for our properties.We are currently trending toward 2019-ish rents for most of our properties. 

As Ko Kashiwagi says, we need to know more, such as rate, amortization, term.