You can then qualify for a Solo 401K and contribute to it a lot more than with a regular 401K.

The main reason you don't want to be negative upon moving out other than creating cashflow is because it will affect how much you can qualify for on your next home purchase.

My question is when the three years are up is there a way for me to “refinance the house into my name based of off the equity instead of having to qualify based on my income and pay the owner off”.

Unfortunately, there are several barriers, including finding a seller willing to accept this loan, a lot of lender red tape, and then coordinating a qualified/licensed contractor to do all the work.

As long as the rental income covers the new mortgage payment, you qualify.

I will be an OOS investor as I live in Florida and it is a very expensive market.Based on my household income I would qualify as an accredited investor.

As landlords, if we allow tenants into our properties who aren't qualified, we need to take responsibility for that decision.

I really want to make this happen, but I won't be qualified without that income.

Before you start asking any questions you need to get an idea of what you qualify for in terms of financing.

Best value at selling is to remove the JADU due to poor auction the result of mostly needing a house hacker   In addition, if you already have a regularSDU (which would be primary reason to add JADU over an ADU), the property by rule does not qualify for conventional financing.