It dropped 100 points form 740 to 640 and it has not come back up in 3 months.My parents are more than happy to take out the loan as they are very financially well off, own a few homes in cash, and have no interest in ever taking out another loan for themselves.

To understand important terms and concepts, use resources like books, podcasts, online courses, and discussion boards.

Now more than ever it is important to really understand your numbers and the area you are buying -- that "accidental appreciation" that many of us rode in the last 5-8 years eroded with the higher rates, cost of entry, and renovation costs. 

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

I expect that to change or at least I'll have more time at the lake this year. 

@Danny Sanchez Yes househacking has been great for me; one of the best financial decisions I've ever made. 

In the county we built in, 5 acres is the minimum plot size so I cannot split the land at all until legislation/zoning changes. 

change one variable at a time treating this as a single property. 

Otherwise you will have to pay higher rental mortgage rate.4) If all goes well, you buy your new home to live in with FHA 3% down or FNMA 5%+ down and rent out unit you were living in. 5) Yes, you may have negative cashflow on the rental for the next 1-3 years, until rents increase, but this is part of investing.Be sure to calculate any changes in the rental property taxes and home insurance resulting from you moving out.

In Broward dreams don’t just linger; they manifest swiftly leaving onlookers amazed.Active Inventory is 3, 901 with 22.8% Change Year-over-Year and 3.8 months supply of inventory with 35.7% Change Year-over-Year.As we bid farewell to February 2024 lets carry forward stories of resilience progress and the enduring spirit of Browards real estate market.