The cost is your decreased cash flow of $200 per month.

I really like the areas of Huntsville and nearby such as:  Guntersville, Athens, Albertville, Muscle Shoals and want to purchase my next property in this region. 

Increased the rents, decreased expenses.

Do you think it's wise to hypothetically save up a large down payment while also waiting for interest rates to decrease in order to make the move into a house-hack?

If you use one of several ways to convert the cards to cash you could pay down personal debt and drastically decrease your DTI.

We were asking our mortgage broker if interest rates ever decrease for these loans.

Overall, if you think rates will decrease at some point over the next 5 years that would lean you towards buying this deal knowing that you can either refinance at a lower rate during the time period or sell at a lower cap rate.

And hope to do in Hawaii but every week that goes by, the chances are decreasing.

@Khalid LewisThe goal of house hacking is really to decrease your monthly costs of ownership.

Depending on the area though, you can see YoY rent decrease, which seems to be a bit concerning.