This will be equity play years down the line as long as cashflow is not negative.

They are cheap and inefficient, but they are reliable.Heat pumps work really well as long as you have a good way to distribute the heat.

I am interested to hear more details on this too.I was told by my lender that 10% is minimum, as long as it is a certain distance away, “is in a justified vacation location” ie. not another home in a major metro area, and you will spend a minimum # of days residing there.Also note that PMI will be added on anything less then 20% down payment.

Unfortunately, I think that she is trying to stay as long as possible.

Generally, yes as long as your DTI works and you move into the 2nd property.

They usually come in about half that as long as they don't need all the windows and exterior doors replaced, but they can cost that much, so use that in your negotiations, that way even if the seller concedes to cover half, you might still get it all paid for. 

As long as your debt-to-income ratios are in balance, they should have no problem setting this up for you.

As long as the numbers work I don't care who I'm purchasing from.

As little interest rate as possible and as long as a payback term they can tolerate.Good Investing...

@Karran GuptaHi there,I found the Jersey City departments very helpful and informative when I called.COVID messed up my plans so I didn’t go through with the permitting process yet.I would call them with short clear bullet point description of what you are doing.They will explain the steps to you.Then ask roughly how long a permit similar to yours is generally taking at the moment if there are no issues.I can tell you that they guarantee you an approval or denial within 20 business days from the time they put it into the system.The steps that lead up to that are few and somewhat reliant on your doing things right as much as Jersey City.You could also hire an expediter.