While it’s true that getting a second conventional loan immediately can be challenging, especially if you’re looking to maintain optimal financing terms, it’s not impossible.

The numbers look great as-is, but I would feel much better knowing I might have more flexibility long term. 

Tampa is not only a great STR market, but is also leading the way in Floridas real estate market with development, job growth, and net migration, which are all important fundamentals to long term growth.

The lower of 4% or local CPI guarantees in the long term the existing tenant rents will not keep up with inflation.  

Do you want to gain a competitive edge and secure better terms?

This usually results in the borrower just doing a rate and term refinance or cashing out on the low end.

A Bank statement program would do wonders, 10% down minimum is industry standard, if you have a solid credit score,15% down will get you really good terms, however you still need to qualify DTI wise.Best of luck!

I bought this property in college, renovated it while renting out the spare rooms and no use the property as a long term rental.

It is a nightmare evicting deadbeat tenants, so when they are out I will only go back to AirBnb, short term rentals in the future as Vermont has laws very favorable to annual leasing tenants.

This will help solve the problem and you can buy the house that sounds like a great future investment home.Keep in mind for further detail even if you are living in the home its not your husbands primary so if they are using his income it has to go off his occupancy.