Currently we live in an existing property we own and have not put on the market yet but will be selling this in the near future.

Cory -   it doesnt  sound like you will need  this extra income for  qualifying so no need to wait  fyi  if your hours  will be  guaranteed and stable   , then the  higher income  should be usable ...if the  hours  are not guaranteed (  eg.. overtime ….seasonal …..not consistent ) , then  likely to not be usable Going FHA is not that  wise  as  the  FHA mortgage insurance is permanent and wont be able to  be eliminated  unless you refinance the loan plus you will have a  large upfront mortgage insurance that you have to pay at closing  ….consider using  a conventional  loan  as the mortgage insurance will  be able to drop off or be eliminated in the  future

I learned something new and I'll be better prepared in case I see these in some future pool. 

As well, and assuming necessary, once done, you can advertise this upgrade and the positive resulting heating and cooling bills in future marketing when the need arises.For straight rentals (not a property sold via Lease Option, CFD, or other Owner Financing), I never pass large expenses on to my tenants (pretty much anything over $300, unless their fault), but assuming this is a defect or need that I did not see in my pre-purchase home inspection report, I will just deal with it out of my own pocket and earn a bit of positive "good landlord capital" in the process.Good luck with it!

Starring Michael Cudlitz from The Walking Dead, Southland, Band of Brothers, and much more.We are so proud of my little guy and his success thus far will turn into future real estate success stories as Daddy will help him invest his earnings into real estate!

My SD IRA will be the purchaser of the property and then I'll have to sell it to someone who's not a disqualified person in the future.  

In the future I will try and find more value add possibly using the Brrrr method.

@Lisa GabrielWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

@Rita CascoWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I admit that I don't know all too much about seller financing, so I'll be looking into how this works for future opportunities.I also definitely see the value looking 50-60 miles out from major areas!