Know and obey the law.

Then later as you grow older and no longer want to share your space you can just stop renting the other bedroom.

If you have other money to grow your portfolio even with $107K left in the property then  hold the property. 

Welcome aboard Jack and best of luck investing!

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

If they notice you have another house and your debt to income can't cover it.

Maybe a lender can chime in and see if that's still the case

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Question is, is the person you are dealing with a correspondent broker who brings them deals to fund or someone from their company.

I lend Hard Money, Fix n Flip, DSCR, and Bridge mainly on the investor side.