if you can swing it go for it A $440k mortgage would be around $2100 per month so would have some positive flow  Use the rental properties calculator to get your final numbers(it is under the analyze tab)

HUD had the responsibility for the Final Rule until the Dodd-Frank Act transferred responsibility to the CFPB.

On your end, you want to make sure that you’re happy with the terms that I propose, if you’re one hundred percent happy with what I’m talking about, I would hope that you give me the “green light” on this proposal, and you feel comfortable that you finally got a solution to your house situation.I know it’s stressful selling your house can be, I know it’s confusing at times, but hopefully we can move forward and both give this situation a green light.Now if there’s something that I’m not happy with, I’ll tell you about it upfront, I won’t worry about offending you, I’ll just tell you,“sorry this is not good work for me.”And then I’ll pack up and move on to the next prospective home seller.I hope you won’t be offended if a very honest and straightforward with you.

Finally closing on my 1910 duplex tomorrow in City of Poughkeepsie, NY.

@Mark Brogan hit the nail on the head when he told you to jump in the car with the family and drive to areas you know.

When you add up all the money you put into it it will almost always be more than the final price you sell the house for.

I have applied for a 203k loan and in the final stages but my insurance company just turned down the policy due to the construction.

Our area has finally finalized light rail plans. 

I survived the crash with no foreclosure or bankruptcy and am finally reaping the rewards of fixer uppers I invested in after 2009. 

Final though;  In your current situation, I would check the rents in the neighborhood to really find out what fair market rent is.