Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.

I am moving out to the Destin/Fort Walton Beach area at the beginning of next year in January for work. My goal is to buy a house in the area and house hack the remaining rooms. I am hoping to connect with other like-...

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

Then, if you like some of the comments from a user, you can connect with them directly and perhaps do a 1:1 discussion and potentially discuss what you want to do in the future.

Thank you for putting it out there and potentially saving someone else in the future. 

However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.

I’ll see how the numbers work with very little off season occupancy and see what the mid term rental potential is during these months.

I wondering if I can deduct any of the repair, closing cost and deprecation on taxes. 

Heck, you process debit cards if you insist for 1/10th the cost and non-reversible.