Historic home, Unprepared for the amount of additional work this caused prior to renting.

There’s a few options:1. conventional loan: this assumes your debt to income could support the mortgages2. commercial loans: these would likely be similar to what you are in now.

Subtracting the additional $30k I put in when it had negative cashflow, that's still $11,500/mo. 

You have great monthly income and there is no reason you shouldn't be 740+ with the correct kind of debt. 

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

There are many lenders these days that won't even allow for subordinated debt, meaning no 2nd/seller carry/etc. 

Recently, we completed a large project that involved adding additional units to a multi-family property and fully rehabilitating existing units, resulting in a great return on investment.

Would be happy to provide any additional information as needed.

Let me know if you have any additional questions!

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