Nothing wrong with a 1003. 1-4 Unit properties are still residential loans and many hard money lenders use 1003s to get basic information.

Basically investing in Upstate South Carolina offers a strategic advantage for those aiming for home affordability and high returns on investment.

My view is that the extra income from STRs/MTRs basically compensates for the extra effort.  

Well my guy that I helped found it on Facebook marketplace the guy was only asking $9,000 and I basically told him I liked it I wanted it and the seller tried to play the smooth saying I've got a bunch of buyers and the price went up and I basically told him to take it or leave it and I bought it for 10,000 bucksHow did you finance this deal?

Options are to take out a loan for the 25% and just purchase or co-sign a multifamily or just co-sign on a SFH so they can get the 5% down, no loan needed, there wouldn't be any real benefit to me and my husband as we would be assuming the debt but we would be helping our kids out.

We could increase the marketing budget and reach a higher occupancy rate but I like sticking to basic numbers when first analyzing. 

So my immediate plan was to try to rent this house as a medium-term, furnished rental (basically leaving all my stuff here, taking a few select things) and moving in with her for a few months to kill a few birds with one stone - MTR income, not having to pay for a storage unit for my stuff, saving up more money for a down payment, and caring for my mother.

My wife and I have 30k saved and can only get a mortgage of 150k because my wife doesn't work because she takes care of my two kids.

They can power some basic circuits for days such as a fridge, basic lighting and the all important well pump.

Kidding, of course.