Please Poke Holes In This!!!

[Steve DellaPelle]

My plan over the next year:

- Sell SFH Rental netting $75,000 profit (use for rehab budget)

- Raise capital for down payment & closing costs...need ~$100,000 ($75,000 above not included)

- Approach Fannie Mae HomePath Property (2-units) and make an offer with 20% down

- Live in one unit and renovate property and other unit to raise value

- Rent out other property and house hack

- Refinance and pay everyone back

- Celebrate

Assuming the numbers work (my initial and rough estimates say yes) is this a solid plan? What problems will I run into with banks? Any comments, concerns, are welcome!