If you are looking to purchase a primary residence, then a DSCR option that Nick mentioned will not apply to you.My question to you is: are you buying out the lease in full, or are you going to finance the remaining balance?

If the legislation changes we can connect and I can point you in the right direction (to the developers that will have interest in paying you a sizeable lease for the land to develop a project).

Now, I don't know what your lease says but for hold over tenants you are now allowed to retain their full security deposit and charge double rent. 

Gals and Gents,I have read a lot in the past BP articles and listened to many BP podcasts, it's a pleasure becoming part of the crowd.Let me introduce myself, I am active in the NYC market, I buy a lot of class C properties rehab / convert, rent them out, I have done rinse and repeat many many projects and I am seeing nice returns, not always fully recoup my full investment but I am generally finishing all in at around a 9 or 10 cap!

Wesley,Seller credits or seller contribution to closing costs is usually common when the buyer is coming is closer to full ask.

Reputable full service contractors are hard to find.

Is it maybe because this income hasn't been captured in a full year's taxes yet?

We have mostly used this as a vacation home but I have been living in the house full time for the last 2 years. 

At the moment all of my cards are past the introductory period so I only use them for every day purchases and pay them in full every month.

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.