My primary residence here in Lake Oswego is the question.turns out one of my projects got harpooned by the City of Lake Oswego and the cost to split the estate lot in two just does not make sense..

What is your primary goal? 

My dream is to get into vacation rentals in Northern Minnesota, but my immediate goals are to purchase a primary residence and pay down my husband's loans from Chiropractic school. 

My other option is to own my primary free and clear, but 4% savings in a 3% inflationary environment is idle cash indeed. 

Requires 15% down. 203k is for primary residence.

So it’s not looked at as my primary which will allow me to only need 3% at closing for next property.

Also, I’m not sure where you’re located or how big the house is, but a couple years ago we replaced all the windows and put new vinyl siding on our primary home (“basic”1200 sq ft ranch) for around $13k.

Ongoing cash flow need not be your primary focus for the dollars you've already saved.

Our Financing Contingency ended 5/6, so now we are out a $5k Earnest Money deposit (plus the appraisal, survey and inspection, $7500 total) and don't get this great deal unless we act fast.In short, we provided to income docs for my wife, but our current primary residence is in her name, so that didn't help the DTI much, and we ended up losing the deal. 

Not people who purchased it as their primary residence and then rented it out once they moved away.