., a DSCR (Debt Service Coverage Ratio) loan could be a great option as they are not based on your income. 

Investing for appreciation only gives you returns when you sell the property - typically years down the line.  

It is because they did not really stop to evaluate your specific situation and gave you a generic answer.You placed it in service in 2023, so your only option for now is to amend 2023.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

I haven't seen any posts about this option and was very curious to see if any investors would be willing to share their thoughts or experiences.  

What you want to do is combine pieces of both of your options together. 

So when I use that formula I get: .69$2000 (on a more typical non loss year) + $381127 (principal remaining, 5/2050 mature date) + 470000 (~ appreciation) = 853,127/($850,000 (property value) - $381,127 (principal remaining)) = .69That is what i get with that formula but I do not understand the differnce between "mortgage paydown and "debt" as aren't those the same thing?

Total square footage could work out to about 30,000 when all is said and done.If I am able to negotiate a contract with the seller to carryback the 20-30%, what kind of financing options would we have. 

I Don't have much cash to work with, so I'm trying to figure out my options.

(Go check it out).There are a decent amount of options for the West and South areas, and even parts of the Upper Westside where there would be some options depending on the home or even TH.