They may also have rules that say you can't use the property as a rental during the first 12 months of ownership or at all.

It is easiest to see this principle in bonds.The 10 year bond has a higher yield than the 3 year, which has a higher yield than the 1 year, which has a higher yield than the 3 month.

A furnished LTR model sounds more appropriate for students as there shouldn't be much movement outside of summer months.

Does anyone know if there is any flexibility here, including if I can keep the HELOC if I have had it for 12 months (so stayed in the Primary Residence for a year after the HELOC started)?

The last month I have been exploring house hacking options as an easy option.

Basically the city sends their own inspector out who compiles a list of items that are required to be fixed usually within 3-6 months of taking ownership. 

For example, people look to book about one month out, so for January you might not get any bookings. 

I just had a vacancy come up in the middle of a fourplex escrow and the seller had the unit re-rented in under a week for $50/more per month. 6) Yes it's hot, but with individual metering the landlord doesn't foot the electric bill 7) Yes the market is competitive here, but mostly for 3/4 unit properties.

Full cash-out refi after 6 months Lessons learned?

They are free for 1 unit and then costs $9.95 per month for up to 10 units.