However, you should think twice before signing up.

OR you'd have to do 2 separate transactions and incur 2 sets of closing costs/ transactional costs. i dont think its a bad play, a lot of people leverage one to help them expand to the next. another challenge you will have, though, is pulling something small like $50k out. most lenders rn have a $100k min. you might be able to find less but then fees/ points will be a little excessive. 

If you withhold now, and the tenant knows the law, you're setting yourself up for failure.

I will follow up with few fellow investors that contacted me offline. 

The seller can't cover these repairs before closing but has offered to credit the repair costs at closing instead.

Purchase price: $450,000 Cash invested: $13,000 Bought this single family in Woodbridge to get out of an apartment in Old Town Alexandria and scoop up another property.

Some lending programs are more or less (there are various programs) but in general 50% DTI is max.In order to ensure you accurately plan for your future mortgage its good to know up front how these situations would be affected and what borrowing power you will need when the come times to purchase this upcoming "condo."

They both are still playing catch up .

Let me know what you guys think I have about 70 K in liquid cash $250k in a heloc , so total is $320k I’m working with Option 1: Go 5% conventional on a two family home which would be about 90 K with down payment and closing costs , I am preapproved for 950 K .

Flipping can look very appealing but in the beginning be ready to make many mistakes unless you are partnering up with an experience flipper.