I have 104k in equity I can pull out.

In areas of depressed or semi depressed which Rural PA is one its much easier to pull off than any where on the west coast were you are located.. 

We are thinking cash out refinance is not a great option because we refinanced both SFH's when the rates dropped real low to 3% and 2.75% so we would be going way up on the rates to pull out that cash.

Does this seem like something you would pull the trigger on if you had the opportunity? 

Hi All, Close to pulling the trigger.

I analyzed the DE market, new house hacking near a university would be effective for rent by room, and pulled the trigger.

I analyzed the DE market, knew house hacking near a university would be effective for rent by room, and pulled the trigger.

Even after pulling out 150-200k The Rent would still cover the mortgage + 500-600 more.

Here in the county im in I can build a new house and the permit for the house is free, the driveway permit cost me like 50 bucks...not sure what the septic permit cost as the excavator pulled that.

And I'm very curious about contractors that you may have successfully worked with to pull this off.