If your first property is an investment property, then you won't be able to enjoy benefits of an FHA residential loan anyway.

I run my properties very thin and enjoy the cash flow as much as possible but need to be budgeting accordingly with fluff for repairs/turnover and mortgage (additionally for taxes and insurance if they aren't impounded with mortgage payment). 

It looks awesome for relaxing and one of your guests even mentioned enjoying it. 

Also would enjoy having you come out to one of our local meetups.

Enjoy the game!

It's not as easy as it looks on HGTV and you probably have friends who are doing it, I would bet they are either doing it full time or they are not enjoying the ROI and quality of life you would like to have.

You will not have a specialty until you have done all strategies and realize what you enjoy doing the most.

He eventually had 4 open-heart surgeries, was depressed, etc.Now that it is 20 years later, comparing it to my well oiled Investment property, because of my prime location, the appreciation I received is far higher than his, my cash flow is also far higher as the rents skyrocketed in my areas, AND I spent WAY less in Medical costs that he did.While I don't want to attribute all the Medical Health issue towards these difficult to manage yet higher cash flowing properties, I can see what it did to him as he would call me asking advice on what he should do.If he were to add in the medical costs and health problems, over the 20 years, I'm so glad I did not go down the high cash flow route.I can enjoy my Investments because of the lack of Stress from all these years.

We enjoy the returns on STRs, but we invested specifically in this deal for the long-term potential for development of the lots.

Staying in your own wonderful STR and never getting to enjoy it because of maintenance or improvements.