Quote from @Jaycee Greene: Quote from @Malcolm Grundy: Investment Info:Single-family residence buy & hold investment in Saint Louis.

Our primary residents also has some equity, I have a HELOC with $166,000 available funds.

Well, my original SFH purchased in 2010 still has its original S8 resident.

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Welcome to the site and glad to see another fellow Westchester Resident.

First, are you looking to buy a single family residence or another type of property? 

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

I have found that I get more appreciation on the single family house because I can sell it to an investor or as a primary residence.