Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.

Your aim starting out should be to get the best reviews as possible and use guest feedback to make improvements as you go.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Rocket Mortgage is headquartered downtown as is Ally Financial.

The two-count indictment charges them with conspiracy to commit wire fraud affecting a financial institution and conspiracy to submit false statements to a federally insured financial institution.

If not, work on Improving it before purchasing an investment property.  

Prioritize your financial stability.

If you have a business you can grow and get financially rewarded that is higher priority then leaving that.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.