If you are planning on living in the house, 5% down is the lowest you can go.I would also encourage you to start tracking how you spend your money and see if you can cut spending to save more money or find ways to increase your income.

Depending on the exact scope of your intended business plans speaking to an attorney or CPA might also be recommended. 

New plumbing, electrical, well, - shouldn't have any cap x expenses for a while!

This will be my primary residence and my partner will be paying some portion towards the monthly expenses.

I plan to do it eventually, but not until I get my feet wet. 

To decide whether to evict one or both tenants, consider factors like immediate need for living space, rental income, and renovation plans.

Hey Scott,To start discussing investment opportunities for purchasing the assisted living facility:Prepare a Business Plan: Outline your vision, financial projections, and strategy for improving the facility's performance.

Hi Pradeep - depending on how quickly you plan to complete the rehab, it may be worth exploring your available resources for refinancing as well.

I’ve never been a landlord and the area I live in California is super expensive, so the numbers just don’t work.

I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan.