See the fact that mortgage rates are up about 1% from Oct when the fed started to cut the fed funds overnight rate as evidence. 

I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies. 

Two of the kitchen cabinets were also cut in half.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Hardly anyone can prep properly, mask or dropcloth properly, cut in around trim and windows, get even coverage, etc. 

This has created a "shared driveway" with the neighbor making an ugly curb appeal, not to mention cutting their lot in half.

To see how much equity you have and talk through how it can help fuel your next move, connect with an agent.

@Albert Gallucci this is the 64,000 question and I tend to agree with @Jaron Walling it's really not that cut and dry. 

That would mark the third rate cut in a row, a full percentage point lower since they started cutting in September.

Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.