They gave you two options that both work out great for them and are not ideal for you because they are a bank.

This is the stage of the process where your lender can issue your loan docs out to escrow/title/settlement and these folks can schedule your signing for closing.Before it can reach CTC you'll need to make sure all income/assets/credit remain the same so that means no changes to your credit that are bad or adverse, no job or income changes ideally, and hopefully those funds you've set aside to close with are still "there," so we can keep this closing on track.If you had any questions left feel free to fire them off.

This does require owner occupancy of both units for at least a year for condo application submission, but also assumes a number of other things including that nothing was performed with respect to prior historical tenancies that would disqualify you from a condo conversion.While the aforementioned would be ideal, it would be all for naught if Planning determines that if at any one time the ground floor was rented in the past.

As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.

Getting a large network of companies that know your personal brand to recommend you to your ideal guest is key to steady bookings. 

The ideal plan is live the one more year and sell tax free.

One way to achieve more equity is to look at the neighboring markets and growthtriggers see if your area has similar economicsPass performance does not dictate the future Growth factors possibly hyper growth in your neighboring areas new construction amenities I have seen areas jump 10 X in relatively short periods due to multiple factors shopping, dining You owe to yourself to research the possibilities of future equity growth. you can always syndicate your ownership to long term investors to recoup some of your capital. ideal for people look for a write off and have the Ability to wait for appreciation.

Ideally, you won’t need it—or even better, costs could go down!

We’ve found several multi-units recently that could be ideal for you.

I just hope i can find something before the new year ideally so i can stop paying rent and own something.Noted on the cash flow aspects too (i have been using the duplex calcualtor for this) and understand i will have a small net payment each month while living there, which is completely understood and fine by me (better than paying large rent)