Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process. 

I am a big fan of getting rid of consumer debt as it puts a constraint on your income and savings.

@Abby H.Shifting from house hacking to small multifamily is a great way to scale, and securing a JV partner is all about networking, credibility, and structuring a win-win deal.

I've never had an issue. we don't get security deposits or sign any leases.

@Jay Fayz Do you have a source of regular income? 

Would it be a good idea to take a deposit to secure the deal until the rule clears?

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

I’d suggest focusing on securing solid DSCR loans—like those from thelender.com, which lends up to 80% LTV, considers STR income, and operates as a direct lender.

I’m an investor and student of the game when it comes to building passive income and a solid portfolio.

Sorry for the tough love, but not buying the above.You & your wife's salaries should cover your expenses, while the income from your remodeling gigs should be saved.Recommend you review EVERY dollar you made and what you spent it on in 2024.