plus, very few properties are actually "cash flowing" with interest rates as high as they are right now.on the other hand, with a house hack you're repurposing your own housing payment. 

There's a lot of value (even if a higher interest rate) to us finding a simple deal like this...We have great credit and solid income - I would think, for the right rate, there would be lenders out there jumping at the chance for these guaranteed returns - we'd even consider putting up the equity of the Texas home (and obviously the land itself) to secure some portion/all of the loan?

If the answer down the road changes and you don't notify your insurance provider that could cause an issue if there's a claim.

The cash out does depend on a few things like neighborhood appreciation with strong sales or renovate and refinance on the ARV (After renovation value).When you buy a 2-4 unit you get to use the rents of the other doors as income to help you qualify.

Dont get hung on the number value of a rate on a loan estimate - figure out what you're paying for that rate- Read up on the differences between boxes A, B, and C on a loan estimate.

I shared the $368k, they asked back what the land value was, I told them $68k. 

I am living in it to make some improvements to increase its rental value.

For larger bridge loans and development deals they are solid Originally posted by @Jay Hinrichs: Tarik I dont think she said she was refinancing i think she said she is looking to finance so probably an purchase money loan My main point was that these scale of loans the borrower needs to look within and be realistic if they can truly qualify.I am not sure if this company will take the 10k when cursory information reveals a high chance of loan being rejected..and if borrowers are qualified for this type of financing they usually have a pretty good grasp on whats needed. 

DSCR for example which is a great investor loan had rates this week in the low sevens and high sixes.

In high cost areas, it may be virtually impossible to cashflow/hit the 1% rule today.