Thanks for the reply, I'm not seeing a tab for just a basic application.

Her design concepts her coming up with what we can do .. the buyers wives you know love that crap..

I'm just learning/starting my journey into this world and very quickly I came across the "house hack" concept.

Based on the numbers - mortgage (taxes+insurance) alone is ~$1900, potential rental income from both sides is ~$2200, so $300 in "net" (yes, I know I need to put money aside for capex and vacancy and maintenance- I'm a handy guy so hoping to save a bit on that) Factoring in maintenance capex vacancy etc. purchasing this property would basically generate little to no profit.

Reporting an increase on a very small number is like saying cash flow on a break-even property has increased by 50%.. congratulations, now you are making $15 instead of 10.93,000 filings are not much when you know that the size of the US housing market is about 5 million and we have a chronic housing shortage of 3 to 6 million units (depending which banks estimate you trust more), so 93,000 units is basically a drop of water on a hot rock.TX and FL are outliers right now, they have some of the highest inventory of the US and price appreciation is softening, so it may look a little different locally.

I've seen cities fight the 'mixed use' concept (Residential living above, commercial below), when in the right place it can make a city come alive....IME, city planners are blah and boring with no imagination and a dislike of risk....Oh man.

Quote from @Josh Cocker: Hi All, I've got my first purchase here in US under contract & just a quick question as I'd love to hear some answers from seasoned investors / lenders etc  (I am originally from UK and my experience with mortgage products and fees is very different to what i am learning here).I am purchasing a Duplex which will be my primary residence, and looking to borrow around $200,000 - typically what will be the additional fees / cost i should expect of this loan (presuming no point buy down etc).Thanks in advance, and apologies for asking such a basic question. 

It made me think about my own exit and I want to share this, because we basically arrived at an exit strategy that is almost too good to be true and I never see it on BP, so tell me what you think about what I ended up suggesting to him.They have a medium-sized portfolio mix of duplxes, a couple quads and some singles, a typical mom-and-pop operation. 

It's a concept which you earn a high income in your local market but you use the capital to invest in a much cheaper up and coming real estate market where you can still find cash flow and tons of appreciation. 

Hi @Jaycee Greene, the concept of a DSCR is new to me actually, so we haven't discussed it with lenders yet.