I have in my leases that guests are not allowed to bring pets and pet sitting is not allowed at any time.

Pulling Equity will affect CF in the short term, but may allow you to leverage into additional units adding cash flow & equity over time.

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

This law prohibits an institution from disclosing a consumer’s nonpublic personal information like Social Security numbers, income, and outstanding debt, to companies that are not legally related to the institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties, which an owner would be.

I would go much higher than 300k liability and do 500-1M if possible.HOWEVER,On your landlord policy it might ask if you allow pets, and if you do the TENANTS pets must be on YOUR carriers approved list as well.Hope this helps.

Independent of the rent if the law allows. 

Three keys allowed me to own 50% of this building with $130,000 invested.

Click here to read latest BP Article on this topic@Spencer Gray Fannie and Freddit are now not allowing any STRs or AirBNB-type units on multifamily assets - see article link above for details@Ben Leybovich Beware...check your loan docs.

What Jay said is correct, and also need to check if the state even allows for a deficiency judgment. 

Hello, if I sell an LLC holding real property to a homestead buyer, can I use commercial loan terms on this (business/holding company) sale? Specifically: skipping RLMO, having a balloon payment, and prepayment penalt...