You essentially bought this deal at the bottom of the market back in 2010 and it still only cash flows $100/month.

I think essentially its the price point.

Essentially I was just hoping the appraiser wouldn’t put the appraisal in the $800K-$900K range.

@Michael Baum Yes It is legal in Pueblo, and I have two locations in mind; one is centrally located with close access to Interstate 25, the historic business district downtown and the Pueblo Riverwalk.

You would disturb the tenant's right to quite enjoyment by renovating the house and then you would essentially change the terms of their lease by adding another roommate to share the kitchen, bathroom, living room, parking, etc.

He specializes in Section 8 rentals in the District itself.

Essentially the FHA underwriter will ask for a copy of the leases to verify that you can move into the property under those requirements.You can absolutely accomplish this and the tenant does not have to move out before closing.

Here in Salt Lake City STRs are essentially illegal, but tons of people operate them anyway because the city doesn't really enforce it.I imagine one day the city will decide to start enforcing it, and then everyone will act shocked and caught off guard that they can no longer operate their illegal STRs.

n These states will not allow for the program District of Columbia, Maine, Maryland, Nevada, Pennsylvania, Washington, West Virginia.At at 660 fico its 35% down, 680 fico its 30% down, 700 fico is 25% down, and 740+ its 20% down no income, min 12-24months of reserves required.20 maximum financed properties allowed and only 1 month of asset seasoning so you dont need 2-3 months of bank statements just FYI.Rates are in the 9’s and interest only is available for 25% down+, ARM’s and Fixed available. 

Mortgage payment is $1,000 on each house, so you're essentially earning $500 per house or $2,000 a month.