This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

Use your personal card and reimburse yourself.

This home required a lot of work which I personally did.

This home required a lot of work which I personally did.

But am eager to see if anyone is willing to share their format?

How would you fund this if you are working with less than 20k personal funds.

You can definitely use a DSCR product for purchase or refinance.I personally like the value add opportunity.

Thank you, it's good to hear from personal experience.

I put my self storage plans on hold for a while for personal reasons but I'm back at it looking for opportunities.

I personally think the detailing MAY be a great idea, IF the location of the car wash is on a highly traveled street in a neighborhood with lots of residences within a 2 mile radius.