They can’t lend you more because if they have to foreclose it will cost them at least 10%.)Then you want to take that $300k and get a loan for another $300k with that $300k to buy your dream home.

@Rania MutumheHouse hacking means turning a place into a rental space, which calls for fix-ups, planning costs, and expert help.

There are some bond programs both county and state level that you can get the downpayment and some closing costs paid or go new construction and do the same via the builder.

So how much did this cost me to get involved besides an awful lot of time?

It depends on how much the NY house will sell for vs how much the TN house will cost.

Boostly says they can get you to 65% direct booking but it costs 5k - 6k plus $95/mo. 

This is because keeping a property nice has associated costs.  

I am looking for an investor to partially fund some of the soft costs for a large townhouse project I'm working on. 

In this same deal, the investor would need to come with 15% plus closing costs and let's call it 17k. 

A DSCR is a debt service coverage ratio loan (against the new property) and effectively uses a proportion of the current or proposed rental income to qualify.