It's great to see the inventory is coming back there are a lot of options out there and I'm feeling excited!

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

Try to narrow down your options to the top 3-4.

This is typically HIGHER than option one. 

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

If that doesn’t work, then on to another option.

Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

Gas or electric would be a much better option, safety wise, from a house fire standpoint, CO danger, or danger to children or pets from the open flames. 

Rochester NY has a plethora of options under 250k.