For units, FHA is really good, but Freddie Mac's Home Possible is really good as well if you can come up with the additional 1.5% down. 

In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.

Not sure if 200k is in ballpark for remodel with second floor addition. 

I work for an investment brokerage, and we exclusively work with investors who are searching for properties to fix and flip/buy and rent out.Send me a message if you ever have any questions or are looking for property in North DFW.

And I haven't been creative enough in creating additional funding.If you're sure of your numbers and competency, and if you can create additional lanes of funding, I say go for it. 

Crowdfunding platforms run by a single sponsor (syndicator) as a way to raise additional capital for their dealsThe above can be divided into debt or equity.

John has some good suggestions, rent it out or airbnb it - but keep that capital gains exclusion in mind 

I would have gladly paid the extra meter and impact fees to be provided an additional meter but that was not possible.

However, that comes with a bunch of additional rules and regulations.

Not sure if this would be the exact section to put this so sorry ahead of time if it isn't.I was hoping to discuss the idea of making an additional principal only payment on my mortgage every month.