However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Welcome to the site and glad to see another fellow Westchester Resident.

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

The deal was legit, the sponsor was honest, all laws were complied with, the deal didn’t work as planned.  2.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

I have found that I get more appreciation on the single family house because I can sell it to an investor or as a primary residence.

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

Yes, that is what I meant by securities, not sure what else that term applies to honestly.

In short, I purchased my primary residence in 2017.

IMO this is much too little additional return to put your personal residence at risk.