@Isiah Ferguson,thank you I'm from the Bronx right there on the borderline of Mt. Vernon and it's amazing how much it's changing and just how quickly!
@Ceaser Rosas, yeah tell me about it! The beauty about this house it's already is converted into a two family just a permit was never put in for it. Most of the money for Reno are for the overall house. That's interesting about the oil tank conversion, I will keep that in mind. Yes I did get that $500 credit! In regards to finding a better property for a little more money, has been an interesting struggle. My agent and I did but the houses we did put offers in on and I'd be one of the top offers but just not the chosen one. Some of the reasons that I was told was attributed to me going with a fha and not a conventional loan. I did speak with my lender about repackaging my loan after the first year so that my rate can go down.
@RayLai this is an area that is being gentrified. I think I was asking off of the old neighborhood and not more so what the new is.
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Again thanks for the advice everyone.