Most people living in far north suburbs of DFW are not working downtown. 

What is the service life on this piece of equipment.If it has capacitors the service life could be 10 years, or they may have a service life of more than that, but they don't live forever (what about repairs?).

@Chris Seveney  I live in Abilene and operate a short term rental here.

Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

My wife and I live in Easley & invest in this area.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

@Aloysius Martis I just sent you a private message but I live in Wake Forest and work with Apple Realty where we manage around 600 properties. 

But there's something else that many people don't realize: these loans  "constant recast" during the interest-only period.For example, if I make an extra $400 payment one month, my interest-only payment will decrease the following month.

Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment.