The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.

Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations:Security:Enhance security with robust locks, a video doorbell, and exterior lighting.

Hind sight I probably wouldn't have but now it's fairly locked with them for a while, which is fine.

I just got a 4.99% rate but it is a 3 year lock 30 year amortization or a 5.25% 1 year interest only.

A cash out refi you have to start paying for right away and you are locked in for X amount of years unless you pay it off. 

Locking in such a low rate means more cash flow if you rent it out, even with your HOA and property management costs factored in.Let’s tackle this using your numbers:Current Rent: $2,950/monthAnnual Tax, Insurance, HOA: $7,000Mortgage (principal + interest): Roughly $20,832/yearWithout even factoring in maintenance or vacancy costs, you’re likely cash flow positive.

I have a lot going on and between now up to 04/2025, I can pull the trigger.

These deals are much easier to get locked down and offer more options for disposition strategy, but would rely on a qualified buyer pool who would be earning more than the six figures through w2 or a business.Benefits:- No Down payment deals- Seller carries 25-50% of purchase price- Lower interest rate than banks.

Hi Nicole, it sounds like you're in a fantastic position with your buy-and-hold strategy, especially locking in a 2% interest rate!

It's definitely something you should consider pulling the trigger on