@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

I’ve seen people hit a wall with red tape when trying to remove secondary kitchens or bathrooms.Finally, make sure the math works out.

I know that I would have to refinance out of the first FHA loan in order to qualify for another FHA because you can't have two at a time.

And I look up 3 bed 2 bath houses for rent in that same zipcode to see houses similar to the one I chose to get a gauge for how much I can rent it out for. 

Thanks Caleb, I agree ARV is something I am working on figuring out.

The second I’m getting ready to close on shortly and the appraisal came in right on point and we’re taking a leap of faith in the amount of money we have to put into it that down the road we will get that back out.

The best way to get a clear answer is to reach out directly to the servicer of your assumed FHA loan.

Today, I own a single-family home where I am currently renting out one room.

Out of curiosity, I asked what it was like living there and how it was going. 

I’m willing to offer stakes in my assignments etc, in exchange for some help in starting out and acquiring my first deal.