If you can gift that to your daughter she should be able to have a low enough monthly payment to afford a home, especially if she buys a duplex and rents out the other half. 

Do a cash-out refinance to tap some of your equity to include paying off your heloc and other debt.From a lender’s perspective, when buying real estate using a heloc for a down payment, the new payment for the cash advance on the heloc is calculated into your overall debt-to-income ratio.

Ideally for the home we would put a down payment of $200k, and somehow use rental income to help offset the costs of the home as income.The town we want to buy a home allows for weekly vacation rentals and has about a 100% rental rate in July and August (rents are usually booked out a year +). 

If so, what have the lenders you have spoken with so far said about the minimum down payment you have to bring to the table? 

hey guys, just saw all the replies. unfortunately i did not refinance or do anything and im on a variable rate so my monthly payments have gone up almost 1400$. what do i do now with rates so high?

We're considering a 30% down payment for DSCR mortgage.Do you think this is a good deal?

I've heard Lland can serve as a down payment for new construction.

An interest rate cap is essentially an insurance policy on a floating interest rate loan.This caps/limits the maximum interest expense exposure for a borrower using a floating-rate loan.Lenders also benefit as they can require an interest rate cap at a rate threshold that helps ensure the borrower can service interest payments comfortably, limiting the risk of non-payment in a rising interest rate environment.Floating interest rate debt has 2 components:✔️ Benchmark Index✔️ SpreadBenchmark Index + Spread = Total Interest RateThe interest rate cap will set a maximum threshold for the index used.Let me know what questions you have about interest rate caps below!

@Brook Davenport My hardest part was and continues to be coming up with the money for the down payments.

Looking at HELOCs for either a larger down payment combined with a conventional 30yr, or using the HELOC for the entire loan.