Just a thought. 

Quote from @Andrew Boston: Hi Bigger Pockets Fam,I paid cash for a home March 2024 that was uninhabitable and am just now getting around to rehabbing the property.

Thanks - just sent it.

Purchase price: $390,000 Cash invested: $390,000 Brand new construction nestled in the Grovemont neighborhood and conveniently located just 15 min from downtown Asheville & 10 min from Black Mountain. 3BR, 2.5 Bath, front and back deck, nice natural light.

Hey Connor, welcome to the club!

What are the biggest challenges in verifying income?

Together we make about 120k-ish and as were doing this, were actively paying down our credit card debt which together is about 20k at the moment, just fyi.I feel like this is a solid plan, but I'm not too big headed to admit that I don't know everything.

@James Calvert there is conventional financing that allows you to use renovations to make the property livable, just as you would with an FHA 203k loan.

This takes some of the risk off of the landlord and places the risk on you.

That strategy wouldn't fly with just about every wife that exists now or in the history of the world