Also make sure your contract allows for obtaining financing after the initial seller financing term.

Since you acquired it so recently from when you will close on the loan (in your case 1 day), certain HML lenders will treat this as a purchase rather than a refinance which offers better terms, more leverage, etc. 

My estimate would be that in a house hack you would be slightly better terms on the loan.

As long as I do the 1031 properly (intermediary and all) and don't touch the sale proceeds, nothing changes from the interest tracing perspective? 

STR, long term rental?

I have been hearing more about airbnb in the area of East old Brooklyn directed toward travel nurses in the area

I agree with Kevin- I don't care about the terms or the deal, as soon as you said "family member," I'm out.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

It might be best to run numbers on existing and see if by goin with a new build can perform better.

My name is Chuck and I’ve been thinking about real estate investing for a long time and now ready to take the plunge.