These areas attract long-term tenants who are willing to pay for quality housing​​.Mixed-Use Properties:Properties that combine residential and commercial spaces offer diversified income streams.

The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

Hi @Jason ThonIf you are looking to connect with folks on MTR in Duluth, I'd be happy to connect!

The unit is part of a condo association for which we pay fees.

Since generally the benefit of a house hack is to hold the primary residence loan as long as possible, if you hold it long-term, you could still be forced to pay the mortgage insurance 10+ years down the line.Plus, you can only have one FHA loan (with some exceptions) at a time, so I'd rather use this house hack for 5% down which I can repeat and save FHA for another time. 

The few lenders that offer no seasoning, they typically make you pay for it in high rates / fees.

They can help you find tenants, vet them, and ensure they pay on time.

You do have to pay the seller the "equity gap".

---The way my mind is thinking, this should be eliminated by paying off the mortgage with the WLI cash value policy loan.