Sounds to me this is intended to be your primary residence, a long term rental, a short term rental, and a rehab project, all in one. that doesn't make things easy on the financing side as you have conflicting ideals. im totally on-board with the house-hack strategy (and am doing it myself as well).... but i would say figure out which is your primary focus. if its to find a property you can value-add, go with the bridge and increase value, then c/o refinance into something long-term. if its intended to be your primary, go with something fixed, and stable for 30 years, you can always refi the debt later with no PPP if/ when rates come down. if its a rental, focus on cash-flow (also probably a long-term loan would give you most stability). 

Last year until the end of 2021, I had a W2 job and had stable income, had no issues getting loans. 

So along with multidoor rentals in smaller stable cities/college towns, having diversified holdings in the paper investment sector seems to cover a larger base.

Talk to local property managers, see if you can get into local RE groups and use their forms.You can find some forms online but you really want one that someone else is already using that has extra protections in it.Make sure you read through the fair housing laws in your area to make sure you're not discriminating in your application and beef that application up to make sure you find stable long-term tenants.Good luck!

Overall KC is stable compared to other markets that have exploded(Utah, Nevada, Idaho, etc).

All you have to do is find a neighborhood which has the most appreciation and stable cash flow.  

Recently, with inflation skyrocketing and mortgage rates bringing correction to the over-valued GTA market, I started to look elsewhere.It occurred to me that smaller cities that aren't subject to such hard land speculation and coupled with every-growing demand (e.g GTA, GVA), hold their values pretty stable throughout RE cycles - or at least don't get hit with such violent volatility.

Recently, with inflation skyrocketing and mortgage rates bringing correction to the over-valued GTA market, I started to look elsewhere.It occurred to me that smaller cities that aren't subject to such hard land speculation and coupled with every-growing demand (e.g GTA, GVA), hold their values pretty stable throughout RE cycles - or at least don't get hit with such violent volatility.

A good tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsGood tenants are the exception, not the norm.

2) A family of 3 (husband is manager in a logistics company with income of 4k, wife not stable job with income of 1.6k and a young kid).