I have a property I’m looking at in Missouri that’s about 1,400sqft, and not sure the difference between a Cash and a Novation offer. 

Thanks a lot 

DM me or give me a call.Jeff

This leaves a $172K gap.

The good news is you don't need a specialty loan for a house hack, just a traditional primary home loan.

Balloon Payment:• At the end of 24 months, the buyer will make a balloon payment for 50% of the remaining balance of the loan.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

I'm a guy approaching middle-age, living in Chicago.

I don't know the Baltimore market but have a friend who is a very savvy investor there and maybe he would do some coaching to help you understand which way is up.

A written job offer detailing pay.

You have a bigger loan, but not a bigger tax basis.