If you have outstanding credit card balances, car loans, or other debt, this will impact your ability to borrow.

I did a loan a little while back where the borrower owned the house and acreage but also wanted to buy the acreage adjacent to his lot.

Uncle Sam doesn't tax borrowed money.

I'm definitely hoping that I can borrow up to the amount with the additional unit as that would make it more plausible to stay within the allowed budget for 203K.

When Schedule E is used to calculate qualifying rental income, the lender must add back any listed depreciation, interest, homeowners’ association dues, taxes, or insurance expenses to the borrower’s cash flow.

In commercial real estate it is 90% about the property and how it the DSCR looks and 10% about the borrower income.

The TSP is a fantastic way to build wealth (like real estate), but I'm not sure I would borrow against it for something like this.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller 6) Begin work and make draws on any repair balance.