That gives you a huge advantage if rates keep going up and you want to sell your property would be more attractive then most.I have a good lender direct Freddie Mac with CBRE.

You are right it will attract better tenants and although wont add value will be better in the long run

You will be the one that can attract money.Good luck - 

Their main products are a Jumbo product to 90% ltv with no MI, 12 or 24 months bank statements for income instead of tax returns and investor products that go down to a 640 middle credit score. 

Nothing so far has come out looking like an attractive buy which is good since I assume it means I'm doing it right, lol.

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street. 

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street.

My main question here though is whether refinance can be done within 6 months without penalty. 

My main goal is to try and refinance them after 6 months. 

My income is $140k gross (software engineer), my wife currently stays at home with our child, but could go bring in $30k-$40k if needed.My question is if we put the $150k down (with $100k via a HELOC), rent out the back, and do some airbnb ($100-$150 in the area) with the extra rooms in the main house.