Of the two options, betting on appreciation is more risky.Personally, I would suggest looking at some lower end areas than White Rock & Bishop Arts and lower your purchase price to the $150k or less and either do the house hacking duplex of just a simple buy and hold BRRRR.

@Ruth BayangI would bet the firm you mentioned has a less than stellar reputation!

Most people on BP are not like that, and we are all here to help one another make good sound decisions, so I would bet most of us would NOT make those poor decisions.

I'd give this to her after the 20th but before the last day of the month, she could pay up between so hedge your bet, hopefully she understands your position.Because the garage is a 2 car,,it's  probably not dividable, I'd make it only available to one unit and include the up charge in the lease rent, no issue then when one party is over stepping boundaries inside garage.

As @Rich Baer says local lenders will be your best bet.

I closed on a little bungalow (1060sqft) in East of downtown end of September of 2016 Started the rehab in October and finished by end of November, against all odds and suggestions listed the property end of November (typically the market is slow in December, and to reduce DOM people tend to hold on to their properties till new year) and within first week of listing received a full offer on asking price and closed on the house on the second week of January.Lessons Learned:1.

It wasn't tenanted, then it had everything from a bad HVAC, to a hole in the roof, to just repairs and odds and ends left and right.

I bet credit card issuers have that process down...I would in thier shoes.

I am probably considered conservative to want to have a certain amount in the bank rather than just betting that the new house would not have repairs.

After expenses, I bet you're making less on this home than you would if you just rented it out to a family for a set price.I just did a quick Zillow search of 5bedroom houses near the university and almost every one rented for over $2,000 a month.