Another thing to consider is your goals for this first house hack and your living situation.

You can evaluate the additional cost and payback time as if you were paying for heat to get a handle on it but the jump to most efficient is probably not worth it in your situation.

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..

I also install hardwired alarm systems because I've always used them and I appreciate them.  

Hello so I am in a situation that I am trying to figure out with rentals and loans.

However, I just purchased a 5/2.5 perfectly situated next to a larger university in Chattanooga and it has been very hard to find tenants.

Quote from @River Sava: Hey April - Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.The process usually involves checking your current loan terms, appraised value, and credit situation.

While I haven't remodeled the main house, it's situated in a highly desirable neighborhood.

This situation can be tricky, especially since the guest has been staying since July with consistent two-week renewals.

To some degree it's always speculation, and to other degrees the risk profile situates itself for it.It's just what are your intentions & pursuits.