interest buydown, home warranty, closing cost assistance and seller realtor can offer bonus incentive to realtor that brings buyer . another option is to rent and refinance it 

#s based on duplex I’m being shown420,000, rate 6.25%Mortgage payment: 3271 + 225 HOA (increase $65 starting July) =3561Currently paying 1200 in rent + utilities.I know you’re going to scream at me for this.

Are the rents posted on the HUD website not the actual rents that are being paid to landlords?

I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan.

The TRUE differences to know about renting to section 8:1.

That means you must work to re-rent the unit in a reasonable timeframe.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Jumping from 4.25% to 8.15% will significantly increase your monthly payments.

@Don KonipolI like the “real estate is linear” and will always increase every year by X and one today was it’s ok to pay $300k for a $250k home as it’s like paying more for a subscription on a monthly basis vs on a yearly basis….

Would you be renting a single room in an otherwise empty house?