I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!

(And look out for any language in the original contract that may say something along the lines of “no promises made outside of this document may be enforceable.”)I have nothing to sell you.

We are saving over $1,100 per month on our mortgage payment and banking over $350 in additional monthly debt paydown by taking over a 3% loan originated in 2021 compared to a 7% rate loan if we took out one today!  

It has cabinets that are original, 45 years old.

Estimated rehab about 44k but may be less ( I wanted to be conservative). 12.99% annual interest rate, Originator fee, 2.99 points, closing fees $990.

@Theresa Harris I did used the mortgage calculator to figure out the payoff periods with additional payment in my original post   

He stated that both upstairs and downstairs are 1700 sqft , bringing the original sqft of the entire property to 3,500 sq ft. 

I'm trying to figure out a strategy on buying real estate from the seller (no lenders involved) on payments, adding value and reselling it for profit and thus, paying off the original seller.

However, the original ruling allowed federal regulators to function efficiently, which they cannot if every interpretative gray area in the law requires a court decision.

Originally posted by @Nate Aden:Good evening Mindy,Usually if you call the supplier, they should have a table that they could send you that provides load capacities if they can't tell you right off the bat.