I’ve looked at some past forums and I am currently reading up on it, but any cliff notes on loan options I may have would also be appreciated (great credit and good household income outside of rentals).Thanks in advance!

We would borrow money, but my new counseling business is our household income.

Most cities have ordinances about not having more than a certain number of unrelated people living in the same household.

(So much for the open concept in our household)As long as the property is loan inspection and move in ready to pass the lenders approval would you purchase a home which needs all of the cosmetic updates?

I grew in a household with SFR rentals (and a duplex) that self-managed.

Look for markets that have good population growth, increasing median household income and increasing median home value.  

My lease states the following:Tenant agrees to pay $850.00 as a security deposit to be used by Owner / Manager at the termination of this lease towardreimbursement of the cost of repairing any damage (other than ordinary wear and tear) to the dwelling caused by Tenant,members of the household, or persons on the premises with the consent of Tenant or members of the household, and anyrent or other charges owed by Tenant.

Hello Patrick, I don't know those terms (kiddy condo), but fanniemaes Homeready product allows "Nonborrower household income" or rental income to qualify.

Lukes has about 10000)Professional & Technical Services - 85%Construction - 85%Transportation & Warehousing - 46% (FedEx is expected to begin construction of a 1 million sq foot megahub in the next 30-60 days, adding about 400 jobs, Amazon also has a major distribution center here) The median household income for both Lehigh ($54,923) and Northampton ($60,097) counties exceed the median income estimate for Pennsylvania ($52,548) and the USA ($52K).Potential NeighborhoodsI am interested in areas surrounding Allentown and Bethlehem.

Obviously the person you rent the room to must be a good fit for your household.