There is a house for sale that is rented out to a few separate small businesses (hair dressers, etc).

You can remove those wallpapers by heating it with a steamer, a hair dryer, or anything that warms up the glue.

This will allow you to get a realistic understanding of what you can/can’t afford and a baseline for what you need to do to improve you position and any additional capital to save.  2) Lenders will request the below preliminary information.Name of entity (organizational chart if applicable)Personal Financial Statement (PFS)Schedule of Real Estate Owned for each borrower/guarantor (SREO)Resume/Bio for each borrower/guarantor, if applicableBank statements for verification of depositsLast 2-3 years of tax returnsI recommend using a mortgage broker in your area that is able to connect you with top commercial lenders to get you multiple competitive offers.

Originally posted by @Austin Hair:@Jay Hinrichs so you're saying this was all in the last 18 months?

If it's in Seattle I'd assume there's some regulatory hair on it either way that would require an experienced team to get it done in a timely fashion.Finding capital for either probably wouldn't be difficult with the right plan and team, the time capital is being held as cash is very low right now.

Median Price: $525,000 +7.14% Yoy - 7ish % isn't unusual, I have multiple ~7% moves since 2016.Sales: 5,344, -10.06% - normal number for September, 2020 was unusually high due to delayed purchases from Covid thus the yoy lossYTD sales: 41,238, +8.36% - highest Sept read I have, houses are selling.Inventory: 5,875, +6.16% - still too low compared to pre-Covid, see stacked chart.New Listings: 6,366, -10.61% - still too low compared to pre-Covid, see stacked chart.YTD New listings: 51,949, -2.47% - prior to Covid we were running 60k+ houses.Months Supply: 1.2, -14.29% - persistently low indicating an unrelenting sellers market, see the Existing homes as a % of households chart, continues to shrink.Cumulative days on Market: 26, -44% - persistently low indicating an unrelenting sellers market

Or a hair salon or a quad-plex... etc.By providing my children with a debt free entry into society with the potential to tap liquid funds for investment I have set them apart and I will have also allowed them the ability to be their own persons and not be anchored to my "dream."

You won't build up much equity through paying your mortgage in 2 years due to how the principal and interest payments work-go to a website for a big bank in Canada and look at the principal vs interest chart for a mortgage-most of the payments go to interest at the start.

A debt free chart.

There are a couple others (one similar to yours, charting a new course for my family, better than my parents ever did.