Think about your boyfriend's commute, rent income, and property growth.

His solo income needs to meet your requirements.

I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

I am not house hacking.This means that’s I will get less favorable rates AND will be covering a HELOC + second mortgage with the rental income, which seems difficult.

I haven't seen financials but they've stated their net income is 30% (spec) and 20-25% (full custom), shovel to keys in 8-9 months.I'd like to help them execute an outbound S&M strategy but I'm new to this side of the RE world (I was a mortgage lender in a previous life and have some familiarity) and I'm trying to learn more about it.

I do want to separate my business and home expenses, but even if I had a business CC, I'd still have to pay it off with my personal money because its going to be awhile before I'm making income.

If you want passive income, these are not the ways to get that.

That can make you look at it from the eyes of a residential buyer and not an investor. 3.6k income with PITI of 3.9k is already under water not accounting for vacancy, repairs, and cap ex.

We support a lot of VA investors with multi family acquisitions has to be a primary residence, (live in one and rent the others) and can utilize the income to qualify.

Have not had a 'issue' selling in the past five years..I would say the additional development cost of an extra bedroom/bathroom are probably well worth it in the long run..Good luck.