I wanted to see if any of you all have guiding principles on these areas of thought: mortgage length, paying extra on debt, selecting your first couple owner occupied homes,  and other thoughts. 1) 15 year mortgage or 30 year mortgages? 

An extra, possibly superfluous, detail is that I detest 9-5s.

This cost an extra $200 and uncovers things like utilities, code violations, etc.

I want to BRRRR this.I confirmed the square feet with the city tax assessor, and he told me that the previous owner never allowed him access to the home because he did not want to pay the city taxes for an extra 2500 sq. ft.

My DMs are open if you wish to network or run your plan by an extra set of eyes.

He said 'why don't you just raise your rates enough so that it is the same $ as having another without the extra hassle'?

I really don’t want to get that risky with the first one but I am working full time to cover those “extras”

People will start to ask if you need some extra cash to do the deals.

Because either way any extra money that you take out from the cash out refi you still have to pay back, correct?

if you share a home with your parents and wife, your income (and your wife's) should be able to go a bit further than if you were single or the two of your lived on your own.You were able to save enough money for a down payment on your current home, so do a quick check of your finances and see if you can earn extra income or cut expenses to save for a rental.