The benefits of buying a primary or first time homebuyers is that rates are typically lower than investments because the governments incentives to buy houses even for 2-4units now.

If you don’t do a 1031 exchange, you should definitely try to hold the property for at least one year to get the long-term capital gains tax rate.

Update:I realize that I should probably charge different rates for LTRs, MTRs, and especially STRs.

With interest rates being higher the market is tougher than when I got in 6 years ago.

I ask because that can impact what loan programs are available to you and a non-warrantable condo can come with a higher interest rate.

After the 2008-2010 recession, FHA made changes to their MI requirements that made MI permanent on their 30 year fixed rate loans.  

The property has a pretty low interest rate with a 15 year land loan.

Any one else seeing this and have you found any other option for affordable rates?

For instance, I have a property that started as a HH; when rates increased, re-fi’ing wasn’t an option, but the property had a layout and zoning that was conducive to adding an ADU—which I did, greatly improving the property’s cashflow.

While I am currently looking for multi-family duplex/triplex with an eye to use BRRRRR in the north shore area (north of Boston suburbs like Chelsea, Revere, Saugus, Swampscott, etc) class B/C properties, I am wondering whether this strategy in a "tenant-super friendly" state like Massachusetts's with current high interest rates (and therefore high construction/materials/contractor costs) is worthwhile at this time.