Is your income considered variable in nature depending on job sites and that you do not work a set amount of hours per week?

Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ? 

My goal for this post is to give some insight into how a realistic house hack can shake out for someone in this area.A LITTLE BACKSTORY: This was a couple looking for their next house hack in Charlotte, NC.

They tend to cash flow really well ;) They cash flow well, but the rate of return is dramatically reduced.Assume a house costs $200,000 and rents for $1,500.

There’s almost always a rate at which it just doesn’t make sense.

I was in a similar situation for my second house hack.

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

Two flats are essentially just houses.... they trade like houses and there is a lot of emotion involved.

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

HELOCs are usually variable rate and there may be yearly fees associated with maintaining the HELOC.