@Jordan MyerThank you for the advice, I think that is what I am going to do as they are good tenants generally, they just need to comply with the occupancy requirements which can be fixed by updating the lease and ensuring there is no fourth occupant.

Quote from @Andrew Syrios: $200,000 at 22 is a really good place to be quite frankly. thank you, it has required an immense amount of hard work and sacrifices but it’s been worth it. 

Buyers are generally able to acquire these properties at a higher CAP Rate than a comparable Class A property because these properties are viewed as riskier than Class A.Class CClass C properties are typically more than 20 years old and located in less than desirable locations.

@Gluterie MarasiganThe first step to answer your question would be to connect with investor-friendly lenders that can help you with your desire to house hack.

There are strategies that you could do to try to get future paper losses reducing your active income, but those require you to change your income-earning activities.

Our minimum requirement for credit score is 580. 1 of the applicants credit score is 558 (this person makes majority of the income) and the 2nd person has a 661 credit score.

so every time you take a listing direct from Airbnb or VRBO it makes your property look less desirable which drops you down in the search rankings.  

Costs will vary depending on location, site conditions, development requirements, zoning requirements, type of construction and the level and scope of interior finish.

It is popular amongst investors because you don't get capped at a certain amount of products, it requires less paperwork, and it doesn't look at DTI/taxes/income.

But in Florida and Alabama, if anything done requires a permit then only licensed contractors can do it.