He prefers to walk over dollars to pick up pennies?

We needed a place to live and we decides to keep it when we moved.

If you are struggling to make the numbers work, then it is likely not a deal to pursue.Our biggest challenge in the New Orleans area is the cost of insurance.

Just a heads up for future reference.

You are just looking to get more posts up.

You could pull some cash out to do the renovations and then refinance on the ARV once its done in 6 months and take out more cash to buy another investment home or rent that one out and buy a New primary home.If you have any questions on the steps or the process feel free to reach out or send me an email. 

Since you plan to keep it the ARV doesn't matter in this calculation.

@Julie J.My recommendation would be to wait until you can afford a home with traditional financing.

Sounds like they are very pro-tenant up there!

At the end of the day your objective is to prevent liability events from occurring and if they do, to be prepared.