(He works a half mile from the house and is home before me.

@Mia Kirsch we actually got a 2nd FHA but hard to find a lender who actually knew that was a thing and had to be more than 75 miles away for a new job as we didn’t meet the other criteria like larger family.

Half of my tenants live like this.

Thank youI understand what you are saying but if I have a 5 mile drive to work daily I do not need to have a ferrari. 

Us bank played trustee and guarantor in sham of a foreclosure where they could not prove they were a PETE  and had been hit with their 4 the ftc sanction FOR stealing homes, used hole in the wall attorneys in Bellingham using typos in name and address to not get flagged for too many foreclosure by the courts, Windermere stellar real estate who say outside of my home waiting to lock me out despite supreme court stay on their theft, judge Lewis who signed every Forged/inaccurate/misleading  paper they put through AND denied my restraining order of the real estate company staying called them to see if they were harassing me and they Said no so denied temp and all together day in court altogether plus put a no Bail hold on me after looking my arrest for trespassing even though was taken out of his jurisdiction and in federal court staying paperwork not filed correctly then laughing saying I didn't know why You're here is in supreme court when I got out of jail and made it to court hearing, the assessor for king county who was on third foreclosure company because feds kept shutting them down so opened new one in different name, every process server was at least 200 miles from me and each one different for each document never served to me but judge Lewis signed them anyways(one was supposedly served to me 3 months before case was even filed), Vancouver Police department who had no jurisdiction on the civil matter that arrested me and gave my house keys to the realtor that was sitting outside waiting, and finally to the site veteran that they used to sign in all three places to transfer title and get veterans protection for title after 2 illegal auctions, one public one private, where they were only bidders and opening bid was above value of house, paperwork stated was bought by lsf8 AGAIN!!! 

My broker pulled 11 comps total. 4 of them sold however the rest are pending and contingent. 2 of the 4 that sold are more than 2 miles away from the subject property..

I had hard money for the purchase and got a personal loan for the rehab (half the interest rate).

My income is nearly half what it used to be but steadily getting back closer through semi passive income and not 1000miles away from home.           

If no inventory buy out of County or state...keep in mind buying out of County 50 miles away or out of state opens up the ability to buy a Vacation home only 10% down. 

I just completed a rehab that comps show a half bathroom is worth ~$50k.