Luckily all three areas are not too for away from each other and have their own benefits.

Zip Code: 0883            i feel it appreciated very well and i don't think it will go any more in next few yearsNeed Advice  -  rent this property  or sell it ?            

It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

Anyone prepared to do this should be able to articulate the reason and how it will benefit them.

It seems like access to capital would be a major benefit in this scenario while also reducing interest on the HELOC by parking checks in the account at the same time.2.

Since generally the benefit of a house hack is to hold the primary residence loan as long as possible, if you hold it long-term, you could still be forced to pay the mortgage insurance 10+ years down the line.Plus, you can only have one FHA loan (with some exceptions) at a time, so I'd rather use this house hack for 5% down which I can repeat and save FHA for another time. 

My plan is to maintain the status quo and benefit from annual rent increases and equity gain as the tenants' rent covers the mortgage.

My plan is to maintain the status quo and benefit from annual rent increases and equity gain as the tenants' rent covers the mortgage.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

A "miserable corporate job to no where" isn't all that bad - health insurance benefits, 401k matching, probably some sort of discount stock purchase plan, stability, lenders like it.