Low vacancy rates, rising rents, and high tenant demand for more space/good school districts. 

If you've owned for at least that, you're good.If you do a rate/term refinance, where just the hard money balance is paid off, rates will be much better.

Vs. wanting to make it easier for the people who currently own 0 homes and can't get one because of the higher rates. 

I'll also add that guidelines change over time. just because they don't like it now doesnt mean they wont decide later to be okay with it.  

Comes with a known rate, a known term, a known payment. 

@Joel Bongco can you share what changes you had to make to FUB to make it work as an investor CRM?

Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

These type living arrangements are primarily short term until user circumstances change

VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

But that's just me, maybe your market can tolerate higher nightly rates.....I agree with Bruce.