Of course, some aspects of feasibility depend on how much is owed on the house, the mortgage payment, and amounts of life insurance benefit(s).Does that clarify?

First, hopefully you communicated with your Landlord in the beginning about the short payments and didn't just not pay as usual.

Let's look at your situation LOGICALLY:)OPTION #1With your combined $100k for a down payment, you could buy a $1M+ SFR home in California. 

Hello, before I give my story, my wife and I are looking for a 1-2 bedroom apartment we have a monthly budget of 1750, we both have poor credit, my wife Ariana, Graduated from Brown University last year, she will be 48 in May this year and is currently an Operations Manager II at kent hospital through Sodexo, she makes 75k a year, and approximately 4500 after taxes a month, she has no criminal history, as to our poor credit, we had to choose between paying our rent and electricity during covid, or pay our credit cards, we have never missed a rent payment, and have lived in the same residence for the last 4 years with no issues, we are looking for an apartment because our landlord wants to renovate his building. with that said...I am writing to proactively disclose information that may appear on a background check.In 2009, I was involved in an incident that resulted in a felony charge.

We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender.

lol :-) yeah come on guys, none of this real estate stuffs are complicated.my actual work is thousand time more complicated than this. you dont need guru, there would be trial and error, trust issue, but that's everywhere...i thing about the flip is understanding the ARV and potential running out of budget, so you want to do flip on the right market where time would help you in case you make mistake. 

You will literally never get a good product from guys like this.Second -  Never, never. never let the Contractor get ahead of you in the progress payments.

Paying extra on the mortgage will not lower your payment. 

I tend to prefer nicer areas for the house hacks because the difference in down payment between a $100k building really isn't that much from a $400k building when you are only putting 3-5% down.

So, I was going to transfer it to a living trust with myself as the beneficiary and trustee.