Traditional Mortgage How did you add value to the deal?

Once you've done enough of that to have a goal, find an agent and a lender, learn to analyze deals (tons of good resources here on BP for that), and land a deal! 

If you like the house and the area and want to live there and its habitable, go ahead and try to get a plain vanilla conventional loan from the local credit union and mortgage broker. 

The property is a rehab and in need of new everything so i couldn't get a mortgage. 

Despite challenges such as higher mortgage rates and limited inventory, the market shows positive growth indicators.Property PricesHome prices in Birmingham are forecasted to rise steadily over the next six months.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

However, do you have an existing loan/mortgage on the property? 

What is your current mortgage rate? 

If one house is your only income, you may not even have much to pay taxes on if you have a mortgage.

Either of them should be able to take your $60,000 mortgage.