Final approval will ultimately be up to the investor.There are other/additional factors as well.

-De'Andre WilliamsThe man bought a $40K car with additional debt while having $41K in consumer debt. 

., including private mortgage insurance payments in addition to the regular monthly principal/interest payment) and that you consider all the up-front costs.

@Jonathan Herron thank you for the help, I will Definitly be reaching out with Additional questions.

Lowes often puts their flooring on sale, so we saved that way + using a Lowes credit card to save an additional 5%.End results of how the flooring turned out in our unit can be seen in my profile.Best of luck with your reno!

In addition, we would also be interested in potentially partnering with a seasoned investor by providing the legwork on a rental.Thanks for your interest.

In order to receive a 10 percent increase in basis, the investor must invest in a fund by 2021 and in order to receive an additional 5 percent increase in basis, the investor must make an investment in a fund by 2019.Essentially deferring the tax completely on the initial investment and after 10 years realizing the gains on the investment as tax free at that point and moving forward. 

In addition to that the money that I am saving from previously paying rent, electric, internet etc...

I can send you additional info if you want.

That way, you can live rent free and save what you would have been spending on rent to buy additional properties.