You 3-year stepdown will be a little painful, but, it could be worth it if the funds are needed.

It was a pain, but in the end, I came out ahead as there are rent caps in the area and got good tenants. 

Quote from @Paige Corsello: Hi Bobby, the majority of my business is in Pittsburgh, PA and Florida Paige I can go 80% cash out in PA In FL I can go 75% cash out and 80% rate and term

Yes, managing definitely can be a pain.

House hacking could possibly at least cut that painful expense so not saying you shouldn't do but really watch your numbers.

Not saying it can't be done at two separate title co's but it's a pain.....and I wouldn't recommend it just starting out. 

I don't even know what to say, except to hope that it's all kids who do not yet know the pain of rush hour commute, and think all things "grown up" are cool grown up things. 

At the same time I find myself participating in other forums I used to ignore, like the taxes and short term rentals forums, because those have become bigger focus areas (and pain points!)

What is that pain and suffering worth?  

The only caution I give people is to make sure they have a solid income to where they won't feel the pain of the loan.