If they deem it unaffordable, they will try to negotiate it down and if you aren't satisfied then you can start the process over with another tenant. the 2k they are currently covered for rent can be an old number and one the past owner never bothered raising, but I would assume you would have to do your own application to be a landlord and I am sure the numbers used would be based on current FMR and the tenants current income level.. then again my knowledge is based on S8 St Petes Flordia, and you should call s8 housing authority to get clear and best answers

My challenge is that if I move out and rent my current home, I think I would realistically only be able to rent it for $1,700-$1,900 based on other comparable rentals in my area.

I'm a little older than you, but I have seen only a couple of instances (out of so many) where the kid came out of college and actually used their degree for anything remotely productive.

They base their decision largely on "the deal" and your ability to execute the plan.

Hey Annwar, with $50k cash and some equity to potentially play with I'd look to do BRRRR's with cash purchases.That said, it will come with its own set of challenges.

there is literally no way this would only cost 16-20k to fix LOL. wishful thinking. i would call this a full gut based on the pics and use $65/sqft for guts (even that is sometimes not enough but it's a place to start). so if this property is 1,000 square feet, we're looking at a $65,000 reno give or take. what did your contractor say it would cost?

My wife and I are based in Florida and work as non-profit business consultants.

If you don't have a big enough asset base yet, wait until you do.

The subject to aspect really does not play a part in your refinance.

I've looked at First American/Data Tree and a couple of others but they seem pricey especially considering the search and records limitations on the base plans.