What it seems like you are doing right now is stretching and rushing.You have a good nest egg for your annual salary, you don't want to burn that all and have to wait a few years to build it back up again.

In the long post-2008 stretch when interest rates were very low, almost no QIs paid interest because there simply wasn't much. 

I attached photos of some unique ideas I came across for indoor hot tubs which would truly set this place apart from any and all competition.

Furthermore, based on it's location alone, this property could be sold to a developer because of the unique zoning that has no limit to the building height built on the lot (!!!). 

. $40k is a great starting point, but a 203k will allow you to stretch it far further and even create substantial forced appreciation. 

Thanks What would you say your unique skill set is? 

@Sergio BaergaSorry about your dad, this is tough.PR has unique tax laws.

You have Non/QM - Bank statement program, if you want to buy an investment home you can use DSCR.If you need to streth income buying a 2-4 unit can help stretch your income by using the rents to qualify. 

There are too many variables to account for with everyone's unique taxes.  

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:My friend and I are contemplating joint ownership of a property where they will live and cover the mortgage, while her and I contribute 10% down payment.