SFH typically have lower cash-flow and higher appreciation while MFHs have higher cash-flow and lower appreciation. 

Hi Erin, I work for a property management company in Milwaukee, Wi, and here are some thoughts to consider: Vacation rentals- Pros: Higher Income Potential due to tourists, Flexibility, Shorter Tenant CommitmentCons: Inconsistent Income depending on demand and time of year, More Management Required, Wear and Tear because of constant turnoverLong-term rentals- Pros: Stable Income, Lower Management Effort, Predictable Expenses, Less Wear and TearCons: Long-term commitment (this can be pro or con depending on the tenant), Market Dependence The choice between vacation rentals and long-term rentals largely depends on your financial goals, management capacity, and the property’s location.

A higher deductible for a lower premium might be good if you are diligent about saving that money to have available in case of a claim.

While these loans come with higher interest rates, they are generally faster to secure and more flexible.

If you do enough BRRRs over time you'll see a few values come in lower than expected and a few come in higher than expected.

I understand some of the possible implications of making this move would be a likely higher interest rate and lower NOI on the new investment but would like to get additional feedback on what other things I should take into consideration with this possible move from those out there who might have some experience in this realm.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

Do you want training and don't mind higher fees?

@Jason ScottI would also take the higher rate and put less cash at closing as the delta as mention is $50/mo which means as long as you refi in next 4 years then taking the credit was the better choice.This is assuming the $50/mo does not have a significant impact on you and your finances.