Ranging from 600k-1mH&O is being built-coming fall 2023.

There was actually an offer "substantially" higher than mine (they chose mine as it was a lot cleaner, s/o to my realtor for that), so I do not think that I will be able to push closing.

You just have to do your due diligence and take your time w/o overbidding. 

As far as rent price.... you can check out rent o meter .com website or go on zillow and look at what other landlords are asking for rent for properties similar to yours.

Otherwise, do rent comps by studying existing rentals in the market and consult rent o meter (a great tool!).

@Joseph Bernal HELOCs are primarily I/O (interest only) and unless you're looking to run extensive scenarios, it's a fairly simple math calculation:E.g Amount drawn on HELOC = $10,000Interest on HELOC = 8%Annual interest paid = $800Monthly HELOC payment = $800/12 = $66.67/mo

I use "rent-o-meter" which grabs comps from the areas and shows square footage, rent, bed/bath, and location.

Math is math.Third, From FHA: "To calculate the Effective Income from the subject Property where the Borrower does not have a history of Rental Income from the subject Property since the previous tax filing, the Mortgagee must use the lesser of:  the monthly operating income reported on Freddie Mac Form 998; or  75 percent of the lesser of: o fair market rent reported by the Appraiser; or o the rent reflected in the lease or other rental agreement."

I didn't take action action until I was 30 y/o.

Chris,Rates actually moved lower last week and this includes programs like DSCR which offers a great I/O Interest only that would make sense to pull out some cash while keeping the payment low and cash flow higher.