This is one of those questions where a closely reasoned, convincing argument could be made in support of almost any outcome...My own 2 cents for the short term is its likely one more constraint on the Fed to keep their tightening on its current pace rather than accelerate.

However, on your primary home it will be more strict as there are a lot more federal compliance rules involved. 

I'm looking to connect with some folks to get insight on what the rules, limitations and yearly document filings are to the IRS.

All in all, I won't rule out having a C property...

It sounds great, I know, but the problem is my conscious and my potential to receive his support again in the future, I fear.

How do you come up with an interest rate, in my research I found that the interest rate is normally higher than regular 30 year fixed rates but is there a general rule of thumb on how you come up with this?

I have a no pets policy but I'm sure the day is coming when a tenant will appear with a emotional support pony or some such....We are in NH and I seem to remember that, if a rental is a primary residence, the owner has some additional flexibility in the law.Thanks for your insight.Signed - Landlord newbie

I actually had a lender approve me for up to 200k but it was FHA and all the fixer uppers were out of the question as they didn't meet FHA rules, and the 3/2s were highly desirable and went well over 200, so I wasn't able to get anything last year. 

@Vincent Incopero Wow thanks for the note - I totally forgot about that 250k gain rule (probably one of the most important things for me to understand as a house hacker)!

I will have to look into the details just in case it makes sense before i completely rule it out.