Over the past 6 months I’ve dedicated a large portion of my free time to educating myself as much as possible on real estate investing.

He's been here since: Member since March 7, 2008He was on these forums back when the site was called "Slightly larger than average-sized pockets".

Hi All,I am looking into doing my first house hack. I have walked through a couple of prospective properties, and the rooms are extremely small in these single family homes. I believe they are around the 10X10 to 10x1...

Our rehab portion was about 120k (we are are in a high labor cost market) and nearly everything was completed by contractors.

WHAT SIZE property? 

Don't compare interest rates, compare velocity.You want to have access to emergency cash for issues with the rental, so you'll always be setting aside a portion of the rent to that purpose rather than paying it back to the mortgage.

Qualification for these loans is a bit more strict, but if you plan to personally occupy the property for at least some portion of the year, and to retain ownership exclusively, then this might be an option for you. 

Occupancy and revenue will also depend on the size of the cabin.

Long term I believe the 3/2 will perform better due to its size and being in a better neighborhood.

Some of the surrounding towns don't regulate STR, at least not yet.Regardless, if you purchase a property in any good size city that you intend to use as a STR, I would suggest you purchase it such that you have multiple exits.