One option for avoiding the potential risks of a 30-year mortgage is to “share” it with renters of your own. 

“It’s much easier than most people realize to own a Duplex,” notes Reef Merhi in Houston. “We did a duplex deal recently with an FHA down payment assistance program. That combined with rent proration and deposit transfer meant the new owners received a check at closing, along with their keys, instead of paying closing costs.