Does this include debt service?

Hello Laura, how about partnering up or joint venture with someone that has good credit and low to no debt .That may be an option to consider

I do not think it is a good idea to live debt free and pay off your house as so-called financial experts propose.

My agent said the bring in $2200/mth but have no other debt or payments.They are stressed about having to move (it would stress me out facing packing all that stuff up) and willing to pay more to be able to stay.I feel we just screen them like new tenants and if references check out I'm leaning towards continuing with them, although they are below the 3x rent income requirement.The property would probably need $3-5k in carpet and paint to ready for new renters so it would he great to have a good built in tenant for a while.Anyone have a situation like this go bad that can share some things to watch out for??

Debt to income to high... not enough money down... geographically to far away...

The loan would still be in the current owners name, which may affect his debt to earning ratio if he is trying to buy something else.

Debt-to-income ratio, credit score, 401K balance, etc.

I need to bring up my credit score just a bit and reduce our consumer debt a bit so we can qualify for an FHA loan and house hack our way into a MFH.

Technically your not selling property your selling a contract .things like double closing is a way around it cause at one point you take possession for a short period of time during the process so the property becomes yours to sell.

@Kenneth Hayes  undoutably 250k with no collateral is simply massive credit card debt. tread carefully on htat one