Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

But yeah, definitely not as fine a line as your rent goes lower and tenancies harder.

If the market is tough, I reduce the rent rate over the full 12-month term.

Then rent out the residential unit when I leave. 

It has been rented out as a complete unit for 3 years now. 

Happy to connect or take a look at your property to see what it may be able to rent for. 

Began renting the property out in June 2024 for $4,500 per month.

It offers a lot more than just rent collection.

Simply put the concept of live in one unit rent out the other is not a strategy, there is much more to successfully house hacking in NJ. 

If you do decide on MN, did a similar analysis as you a few months back in St Paul with rent-to-price ratios based on median price and median rents for each neighborhood in St Paul.