I just like having extra cash just incase, so if I had the ability to just use money from my homes equity and was able to BRRRR and recoup that I could essentially continue to use that equity money over and over... atleast that is what my brain tells me.

If all you are worried about is payment not all the extras Cozy helps with Cash App is easy and you are instantly paid no waiting or processing payments right when they send then it is available to you.

You must be extra brave.

Are you going to rent out the extra bedroom?

This is dug extra deep so we could get Clay for the "key" way part of the dam.The dam is in place. 

Here is one thread about it.https://www.biggerpockets.com/...Since its a conforming loan, there is little "risk" to it nor extra fees to my knowledge. 

Or even if you had extra money lying around, basically you’re planning a flip, which is rarely worthwhile for the first house (or few) anyone does.

What if I have some extra passive income that could pay the extra $2,140?

The only thing that would be better would be getting the FHA on a value add property, use the extra funds for a rehab, and then refi into a conventional loan and get to use the FHA loan again to repeat.

Characteristically, I choose the 30 year and pay it like a 20, but that extra cash you have to lay out for the 30 doesn't make sense at that loan amount.