You will live there for a year, hopefully get some equity so that when you refinance into a conventional, you can cash out, but in this market that is pretty unlikely.

This separation helps avoid complications around transferring property titles, co-ownership laws, or other legal burdens.It is correct that the income rights model borrows some elements from mineral and royalty rights.Properties require regular and digital management to remain profitable, which is why the income rights structure ensures property owners maintain control, tenant, and operational responsibilities, or give tenant and income distribution responsibilities to organization I've mentioned earlier.

We were looking for something in San Jose Del Cabo, because it is a popular destination for digital nomads and remote workers.

@Paola Astrid, if so be the case, refi to a conventional investment loan. 

Thanks for the response.Another question - I'm currently at 6.875% rate conventional for a year now, is it reasonable to refinance now at 5.875%, conventional?

I tend not to be a conventional investor.

If you have substantial (usually means 5 digits or more) donations, tax planning opportunities can get very complex.

I think FHA loans are still popular but if you can swing it the new 5% conventional rules are huge.

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

We launched HomWork, in 2018, with the intent of acquiring SRO properties that we can remodel and remarket to digital nomads and remote workers.