If its 3 tenant sin the household all have to be on one lease agreement. 

@Farzan SetayeshNot a local investor, but here is a data driven look at the market conditions in McAllen TexasTwo of the most important market performance indicators, population and median home values, have been increasing steadily for the past decade   Rents have followed a similar trend The chart to the right shows median household incomes over time, which have also been increasing. 

The math is easy, the 1st Lien Heloc, even at a higher interest rate, will out perform a traditional mortgage hands down with respect to gaining equity/wealth much faster, with no change in household spending habits. 

That would put you between probably $3500-4500 depending on dp, property taxes etc. 85k salary, let’s say you are taking on home 60k, like even with house hacking, you’d simply at best be extremely house poor, at worst would be challenged to afford the mortgage, the vast majority of people buying homes in our area at this point in the cycle for a variety of reason are dual income households, tbh for a single person making 85k a year, you are just much better off renting or moving to locol area if remote or hybrid.

I do typically ask them up front what their household income is to make sure it will qualify as well as how long of a lease they want to do so as not to waste time with people that don't make enough or only want a 6 month lease.

fha. 3.8% interest and Currently owe 450kMortgage $3,400.00Currently we are renting home out for $2,400 and taking a lossLiving in an apartment for $1700 making total living cost $2700 with the 1k for covering loss on home Household income 180k-200k Please help me figure out what makes the most sense in this situation.

I have been diligent about not commingle funds with my husband/household. 

And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.

I purchased a home three months ago that came with 3 households and plenty of land to build on for 288.

If all adults are screened, you can avoid potential legal issues down the road, especially in cases where one occupant engages in illegal activities or violates lease terms.Financial Stability: Screening all adult occupants also allows you to assess the household's overall financial situation.