@Steve Cho the offering documents are what counts.

In my experience, and the experience of hundreds of professional property managers I network with, counting the late fee as "extra income" will come back to bite you.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Because if you just count the years 2020, 2021, 2022 it was my primary residence but 2022 only up until October 2022.

The posted value of the house per the county assessor is below purchase price but we have $40k in equity not counting what we have done to the house.

I would think that the bank is still going to hold me responsible for the mortgage and that the mortgage would still count against my debt to income ratio, making it more difficult to get another house. 

The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).

In 2023, there was an 11% difference between what sellers listed their properties for and what they actually sold for.Since it has the highest count of sold small multifamily properties, here are House Hacker's top 10 Queens neighborhoods:Jamaica: 102 dealsFlushing: 71 dealsGlendale: 41 dealsAstoria: 34 dealsEast Elmhurst: 32 dealsBayside: 29 dealsCollege Point & Corona: 27 deals, respectivelyWoodhaven: 25 dealsWoodside: 24 deals* Just missing the top 10: Far Rockaways: 23 deals - Maspeth, Ozone Park & Ridgewood: 22 deals, respectivelyHow optimistic are New York sellers?

The lender will find it one way or another and it will be counted in your DTI calcs. 

.- While MTRs can be any size property, the bedroom/bathroom count is really important, especially with larger properties.