I agree with the significant portion of my income going towards living expenses, as that concerns me as well.

Even if you plan to hold the property for 10, 15, 30+ years, you will likely refinance at some point in the future to pull money out, so I wouldn't be too concerned about NOT choosing the 30-year mortgage. 

I’m currently concerned about the tenant and the property.

In any event, I'm not concerned about it as I'm collecting a little extra to compensate for the inconvenience of her possibly leaving in the middle of winter or something. 

While I don’t expect double-digit mortgage rates any time soon, I do expect mortgage rates to follow Treasury yields higher as the combination of abundant supply and concerns about inflation, mean that investors expect higher returns.

It seems like they are concern due to people lying about their plans in terms of primary residence.

Not too concerned about location at this time as I work from many different locations with my job. 

They are also selling their current place, so will have a decent chunk of change once that closes.The high cost around closing are my biggest concern.

My concern is that it may be too soon to try to pull equity from the home.

My concern is that it may be too soon to try to pull equity from the home.