However, I think I could simply rent out the other two rooms for about 600-650 a month to individual renters, so while the property isn't hitting the 1% rule, it does seem to make sense from a house hacking perspective.

I think there is an unsaid rule about accepting like applicants in a 'first come first serve' basis, but this only for applicants which are exactly similar and it really is just a guideline not really a law or rule.

I estimate it will take .50% to .75% in rate increase on typical cases to absorb this.

If you go to 50-60% LTV you might get 5-6%.

., since you are an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

Then I started researching about flipping them and the opinions of wetter it's a good idea or a terrible idea are about 50/50 so now I am in the same predicament again and worried I will make a terrible mistake.

Excited to learn and love the idea of partnering with a seasoned investor for a few deals sharing profits 50/50 if anyone is interested.  

There is no rule set in stone that real estate will always enjoy such a favored tax status.In fact since populism is increasing and most Americans don't receive these benefits, they are at risk more so than in the past.  

I've gotten e-mails correcting my Post, threats to take down my Post if they violated Rules etc.  

. - I could certainly pull up to the 75% LTV limited by the cash out refinance rules.