Thanks for your reply and merry Christmas! 

Success stories are happening every day,  I have clients breaking record rents on house hack more so than ever.  

These LOCs are typically interest only and adjustable rate, which of course is planned for, again with the equity and the cash flow of the investment, it shouldnt be a problem to at the very least break even, even in the worst of scenarios.

Break it down by component and assess each phase of your current model.  

Higher risk structures can achieve higher IRRs, but can also break even or even lose money.

Easier to do with a duplex year by year, but when I rented to students I would quickly renovate for winter break. 

Sometimes Christmas rent is late because you know.

Being that the new property that we buy will become our primary residence and we are buying a fixer upper, how do we get the best tax breaks for the repairs and/or improvements?

@Ashley Wilson you do not need to explain or defend yourself.Over the years, I’ve contributed countless pages of valuable content here on BiggerPockets, breaking down in excruciating detail why over 90% of investors struggle to land deals (hint: it’s all about marketing).

If your area is popular over Christmas, you could still get booked and with slashed prices you just lost some revenue.