I have been house hacking a duplex I purchased for 350k for 2 years putting 3.5% down using FHA loan.

In fact, according to Rentometer.com, your new rate is almost 15% lower than the average rent of all 1-bedroom units listed for rent in the last year within a one-mile radius of your address, which is currently $Y.We are aware that any increase in household expenses, however minor, can have a financial effect.

Many large financial institutions are fond of the build-to-rent industry because demand for housing is strong and because new constructions require less maintenance and are a more predictable investment than older homes.

New Bigger Pockets member who is looking for *serious* financial and RE guidance.

I do have those who show up stating “but my cats are clean” or “it was only one eviction” which I just say no, but I’ve also had those who may be slightly off income but have a qualified co-signer, or a lower credit score but it was for a medical bill or student loan, and they worked out well.

Sell the existing home and pay off the first $300k loan. 

I presume you are looking to assume the current loan? 

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.

I have 1 million dollar property with about 500K left on the loan. 

For context, I do have a decent grasp on the real estate market and financing as I have been a mortgage loan officer for 4 years now.