If your property loses value when your loan comes due, you may have a significant challenge refinancing, unless you have a ton of equity that you (temporarily) lose.Best of luck and keep us posted on your decision and journey!

If that’s the case maybe do it temporarily. 

If that doesn't work, you may end up taking it to court.This is obviously a bad relationship and you should never rely on your father to help purchase a vehicle, even temporarily.

@Melonie Dickson - as earlier posters mentioned, the inspection contingency weakens your offer.

I've recently relocated (somewhat temporarily) to Chicago but had been investing in the Green Bay area since 2012, focusing on buy and hold SFRs.

I mean folks who could afford to pay, decided to sell at massive discounts because they noticed equity was TEMPORARILY wiped out.

In your opinion is having a higher net worth or using that equity to make another investment and temporarily decreasing your net worth and being highly leveraged the better move in the current market?

I'm going to keep looking around locally, but wanted to make sure I haven't been misunderstanding the process the whole time since this is the first time I've purchased a property going into it knowing it wasn't going to at least temporarily be my primary residence.

Good to know but I will most likely be switching fields temporarily come next year once I finish school, your point just hammers the need to change eventually.

We are going to live in it, rehab it, airbnb it temporarily then move on to our 3rd property roughly 2 years down the road.