Yes, the value of the property may take a temporary hit, but rent prices rarely fluctuate much, and even if rent tanks, you still have an extra stream of income.

Type of property: Single family homeLocation of property: Washington state, Pierce countyPurpose of financing: Cash out refinance to finish reno, and pay down credit cardsType of financing sought: Not sureCurrent or prior ownership of real estate: This is my first houseOccupancy: owner occupiedValue of property at present and/or your offer price: $380,000 - $400,000After repair value: $450,000 - $500,000Anticipated or actual appraisal issues: Master Bath is not complete, kitchen is temporary but operational, missing doors, missing trimCurrent rents per month: $500Fair market rents per month: TBDDown payment or equity: Looking to keep 20%-25% equity in property after cash out refiSource of down payment funds, if applicable: N/AIncome Source: Full time employed for a specialty contractor for the same company, for 4 years 7 months. 

This way there is no emotion, and no way anyone could say they were discriminated against, and best of all - it is very helpful when emotions want to pull us one way or another -    I find it very freeing to just accept the first qualified applications.

It is a temporary reduction in K1 income that keeps the investors happy and makes the sponsor look good.

.- We're fine with any other creative options or lenient lenders.However, we hit a tough spot.The Huge Problem:Fiancee- My fiancee had a brain injury from a car accident 6 years ago that impacts her ability to regulate her emotion on her frontal lobe.

It’s an emotional  decision.

I see you retired from the military.Are you aware of any housing programs in Little Rock/North Little Rock to provide Temporary/Permanent adaptive housing for vets? 

The job was temporary so we did not move out of our house; we left it furnished and rented a furnished place in WV.

It can be a bit of an emotional trip at first but I'm glad we did it. 

We had a big oil boom in 2013 that caused housing to skyrocket and it ended up busting when oil fell, but that was very short lived and only caused a temporary decrease in rents.