That being said, most lenders don't want to tangle with the CFPB and most won't risk it by lending to a guarantor that does not currently own a home.

One of them has SO much risk and leverage.

Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

Feel free to reach out anytime!

If you don't want to use him, you are free to find another repairman who doesn't charge for service calls.

Note to self:  never rent your newly renovated family home to tenants...it's too much of a risk and too heart-breaking. 

Feel free to critique.  

He owned the home free and clear and I am now the deed holder with how we structured it.  

The gain allocated to the OO unit will be tax free up to $250,000 if single or $500,000 if married. 

Diversifying your portfolio can reduce risk and potentially increase overall returns.Opportunity Cost-You might miss out on potential opportunities to leverage your equity and acquire more properties, especially in a market where finding cash flowing properties is challenging.Pursue a 1031 ExchangePros:Portfolio Expansion-A 1031 exchange allows you to diversify and increase your investment portfolio by acquiring multiple properties.