Here is the summary of my situation that requires creative thought:Location: DC Suburbs (Clifton, VA)Original sale price: $300KOriginal mortgage: $240K ($60K down)Money spent rehabbing property since 2008: $70KTotal cash invested: $130KCurrent sale price (based on comps): $430KAmount owed on mortgage: $208KPotential cash generated from sale: $($222K, not including transfer costs)Estimated Monthly Rent: $2,200Current Monthly Payment for M/T/I: $1,300 *Biggest yard and likely one of the most updated homes in a desirable community where "average days to sell" is less than 14.Now the issues:Need $100K-$150K out of the house (or via investment) in order to put down-payment on next home, which will be primary residence (probably a $600K home).I've plugged numbers into every rent-or-sell calculator out there, but always feel like I'm missing something big.

Check your local Tenant Landlord Laws but I would suspect that if the home is separate from your private residence that more than likely you would have to follow Fair Housing Laws.

I would like to buy a multifamily in the future, to house hack possibly, as soon as I fulfill my primary residence clause in my mortgage contract.Now for the questions.What would be the wisest way to set myself up as far as collecting rents, deposits, utilities?

My approach is:Carpet only (low profile) on the stairs, primarily for ease of installation and safety of residents,Leave Linoleum in place in kitchen and bathrooms since it is in good condition without teas or peel off,LVP in the rest of the house (bedrooms, hallways, living room, dining room, family room, totaling about 1,600 sq ft) for its semi waterproof qualities.

Should we:Refi our primary residence - if so, how do we time this with an unsure closing?

I closed on my first purchase (primary residence, 3 bedroom and renting the other 2 rooms to roommates) one month ago. 5% down on a 30 year conventional with an 805 credit score, though my lender gave me a 2% grant at closing so I really only put down 3%.

I'm looking to buy a homepath.com 4 unit as my primary residence - but the bank still requires I put down 25% downpayment since 4 units?

We have been in our current primary residence for nine years now and have an FHA loan.

@Robert Christiansen If you are planning on living in the triplex as your primary residence, I do not think there is such a thing as using other people's money for downpayment.

My name is Taylor and I reside in Hermosa Beach, California.I just got out of the beer business and decided I wanted to fully commit to pursuing a career in real estate.