If you’re approved for the mortgage they assume you’re qualified to pay it on your own so if you can afford the monthly don’t overlook the power of equity.

This gives you the benefits of ownership without the hassles of “landlording” or playing general contractor—in my opinion, it’s a more feasible arrangement if you’re looking to live in one state and own in another.The initial outlay can be pretty reasonable as well.

Is this the best play here?

Hey Melanie,Real estate offers powerful tax advantages, especially for those using leverage and strategies like cost segregation and bonus depreciation to defer taxes.

Sometimes having someone play devil's advocate is also useful.

@Nina Ning I do not play detective or require past rental payments to qualify for my units.

Playing it safe might mean walking away if the numbers can’t improve.

@Megan Alanhello. house hacking is a powerful strategy. in an ideal house hack you would:-pay roughly the same that you'd pay in rent, net to the mortgage. 

Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

I am confident that “Drill Baby Drill” (aka reducing the price of oil, aka reducing everything that is transported) will directly impact the cost of goods thus increasing tenants and buyers purchasing power.