It's more work and more risk, but often more reward as well.

Instead, you buy a multi-unit property, live in one, and rent out the other(s).Having full units attached to your own means you can command a higher rent than just renting out a room yet you can still reap the rewards of low-interest rate and minimal down-payments as you are living in the property.House Hack Mobile Homes or RVsIf you found a property with a large outdoor area you could park a trailer, build a small home, or buy an RV to rent out on the land.

Deal with known risk reward versus what happens to you at refi time in the future.2.  

Old houses are awesome, I love them and they are very rewarding.

Basic finance teaches that riskier investments should offer higher rewards, but most MLS properties do not offer enough reward to compensate for the risk. 

Hint: it's a very negative one.The name of the game is research, education, knowing one's risk/reward scenarios and tolerance, always have cash reserves, and focus on capital preservation. 

Bet several of you will have to split the reward!

With risk should come a reward. 

Congrats on a deal that provided financial and educational rewards.

In total its $108 in fees, but you collect $400 in cashback rewards at 5% for a net of $292...