The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

If you don't need the extra money at closing and just want to pay off your current loan in hopes of a better rate, you could consider a rate term refi instead. 

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.  

But with the second home the $600 in extra rental income is enough to pay towards an equity loan.

With an extra vacancy or a maintenance issue or an extra turnover, this is definitely a negative cash flow producing investment.So when you say the rent growth and value growth have exceeded your expectations, I would love to have you respond as to how that is possibly the case. 

You said, "I'll have to put in extra of my own money for reserves..."

This is interesting and I look forward to the feedback.But, I don't know if I want extra buoyancy in a hot tub?

They did have an extra step to make sure that you were the owner of the property, but otherwise it was not bad at all. 

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

We all know what goes on in bathrooms and what kind of extra care they need.