That means making calculated numbers based decisions, not emotional ones.

It’s things like that which make this decision more than just a legal one-it’s about how organized you can be.Something else to consider: lenders often want you to personally guarantee loans, even if the property is in an LLC.

When money clouds decisions, ethics are often the first casualty.

Best of luck with your decision!

.: Hello all,I’m looking for some advice on a real estate decision.

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

Here's a link to the data: https://mred.stats.10kresearch.com/infoserv/s-v1/vwxv-Zs5What this data shows at a Macro level is that the Chicago market is doing fine, but the market is too large to use that data to make any decisions about where you want to house hack.

Was it the best financial decision ?

I think the decision to seek cash flow over appreciation can be misguided because the best looking cash flow won't stay that way.

Well worth the money, plus you will have already factored that expense in to your cash-on-cash requirements to justify a purchase decision)4.