Having been a branch manager at a mortgage bank and then crossing over to Mortgage broker side, I can tell you a mortgage broker typically has significantly better rates than a mortgage bank.

The posted value of the house per the county assessor is below purchase price but we have $40k in equity not counting what we have done to the house.

I would think that the bank is still going to hold me responsible for the mortgage and that the mortgage would still count against my debt to income ratio, making it more difficult to get another house. 

The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).

In 2023, there was an 11% difference between what sellers listed their properties for and what they actually sold for.Since it has the highest count of sold small multifamily properties, here are House Hacker's top 10 Queens neighborhoods:Jamaica: 102 dealsFlushing: 71 dealsGlendale: 41 dealsAstoria: 34 dealsEast Elmhurst: 32 dealsBayside: 29 dealsCollege Point & Corona: 27 deals, respectivelyWoodhaven: 25 dealsWoodside: 24 deals* Just missing the top 10: Far Rockaways: 23 deals - Maspeth, Ozone Park & Ridgewood: 22 deals, respectivelyHow optimistic are New York sellers?

The lender will find it one way or another and it will be counted in your DTI calcs. 

.- While MTRs can be any size property, the bedroom/bathroom count is really important, especially with larger properties.

If I break even on mortgage payments and don't cashflow I count it as a win.

If you give me some cross streets I can look for you at other elements such as crime, schools, rent/price trends in that area. 

My name is Mae and was wondering if there are any members here from La Crosse, WI area?