Rents per unit are about 1K for long term tenants, although I'm likely to do STR or at least a combination of the two.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Short backstory; I’m a licensed builder in MI and have been on my own for 1.5 years completing structural restorations, insurance claims (roofs, siding, floods, etc), and about 15 or so bathroom remodels.

We were trying to avoid a farm lender given they generally have higher interest rates, but per the above it sounds like that might be worth pursuing.Our short-term plan for the property is to continue to live in it as a primary residence while we continue fixing up the house.

Buy and Hold Peeps or Brokers /Agents also.1.

But what jumped out to me was the immeasurable in terms of dollars:“But our family has grown!”

Short-term rental is any rental less than 30 days and is subject to the primary residence rule and require a permit.

Find a lender who understands your long term real estate goals and understands that rental income can help knock down your DTI to qualify for more loans and acquire more properties. 

AFRs change monthly and can be found here:https://apps.irs.gov/app/picklist/list/federalRates.htmlYou need Table 1 from the monthly Revenue Ruling.Currently, the rates are around 1% or below, depending on the term and size of the loan.

I'm particularly focused on local STVR (Short term vacation rental) properties that are officially licensed by the county of Hawaii to operate short term rentals.