The house I will get is in a lower income area, currently worth $95-100k, and she still owes about $25k on it.

So, even if we see lower mortgage rates in 2025, falling rates won’t solve all the problems faced by buyers in current market conditions.What if I’m a buyer?

We currently live in CA, but are moving to Illinois in the coming months - so this will be our state of residence soon.

If this is simply you not wanting to accept partial payments and the rent is current, stop accepting it - and send a Lease Violation/Notice of Quit for Non-Payment of Rent - and force the full rent to be paid per the lease or start eviction.  

The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State).

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

I currently have no debt and make under $100k a year.

The seller is currently attempting to purchase another property but is facing challenges due to the inability to hold two FHA loans simultaneously.

Here are the specifics: our current property is worth 360k roughly; we owe 120K on it.

Foreign citizen currently living in Miami.Any recommendations in general?