Here's a summary of my situation as an example: The unit I currently live in would rent for $2200My second unit is currently rented for $2700I rent my garages out for $350For the next duplex I would live in one unit & rent the other for $2200 I currently get paid $80k a year or $6667 per month.75% (2200+2700+2200) + 350 + 6667 = $12342 per month in incomeMy current mortgage is 2950, my next would be 3300, and my student loan is 250 = $6500 total debt.6500/12342 = 52.7% DTIHey Caio,I think the answer is that house hacking every year is not possible everywhere rather than not possible at all.

Does that answer your question?

Im not sure which areas you were looking at in Idaho, but I'm very familiar with my service areas which include the entire panhandle and I'm happy to answer any questions if you want to dig deeper.

@Stephanie WalkerStephanie,Your answer is inline with what I was thinking.

Prepare for extra holding cost expect budget and the timeline to be more than you originally thought.3.

Originally posted by @Peter Kim:Ball park numbers: how much does it cost to fully replace a water heater with labor?

I would be happy to assist and answer further questions if you have any.Typically your max loan-to-value for a cash-out refinance will be 75-80% LTV, but this specialized program will limit you to 70% LTV.I have had the "limited recourse" language vetted by attorneys representing our clients.

Otherwise you are opening the door to pay transfer taxes and likely originate a new loan.

The answer is yes!

It depends on what you're trying to accomplish... if you're not planning on investing in properties here, or even using the license part/full time to broker transactions - then I think you answered your own question.