In the end everything balances out if the property is priced properly.

The border income that you listed is only required when purchasing a primary residence, you can't use the roommate tenants , even with existing leases to help qualify for the mortgage.If you are buying it as a investment property, you just need to record it on your tax return for 2024 tax return and in 2025, when you file your taxes, you will be able to count it positively for your debt to income ratio.

Bring on a partner with at least a decent FICO, experience in rehabbing would also help, but not required. 3.

@Jonathan Klemm   My plan is to eventually turn the two units into a SFH, which I know would definitely require permits. 

Fannie/ freddie have different guides on this, and i do see different lenders interpret them differently. for example, one requires you to OWN your primary residence in order to use rental income on the subject MF, the other will let you do rental income from your MF subject property with a "present housing expense" (rental housing expense being ok) so long as you have a 1 year + history of landlording (which it sounds like you do). maybe ask your mortgage pro if they are giving you credit for rental income from the subject property units?

What Erik said, also, you need to be aware of seasoning requirements (with the dscr lender) prior to a cash-out/refi.

In the end, we rent each room by week, but require a 30 day minimum stay up front.  

Please see below.Property type: townhouse, 3 beds, 1 bathMortgage balance: 80kEstimated value: 235kCash out amount: 70%-80%

I usually start with something like this:“We require a 550+ credit score as well as a current job paystub or a co-signer who meets these requirements.

This is a pretty weird question, I know, but I am curious.I get that you can do deals pretty much anywhere, and there are good deals all over the country, but I don't believe that the markets are equal in this regard.For example, if the seller has the ability to look at your credit as an investor (which throws out one of the sole purposes of doing a seller finance), versus states/markets that don't require that as much, I would like to know the states/markets where owners checking your credit history is not going to be prevalent in a deal, assuming the seller is willing to do this kind of deal with you.For context, yes, I am a new and aspiring investor, and due to certain circumstances, my credit is currently not the best, but I don't want that to stop me from investing in real estate (which is why I'm leaning to using seller financing).Please no answers saying that I should just raise my credit score and get an FHA/Conventional loan, because I am currently working on raising my credit, but I can't give a time on when my credit will be "back to normal" again, which could mean I could be stuck on not qualifying for a loan for the next couple of years (ain't nobody got time for that).Thanks for the help!