I guess it depends how long you plan on living.

@Kristine Ann I guess it depends what state you're in.

If you are looking at this decision through the investment lens, what would you net on the investment that you put this money in to, after transaction costs and taxes? 

The answer to that question depends on you and your loved ones wants, needs, goals, and capabilities.

., trades, remodeling, permits, taxes, settlement process, etc.).  

Depends where you are and the local laws. 

It depends on the age of the structure, square footage, and condition.

It can be challenging for 1-4 units depending on the property characteristics, your loss history/other rating factors, and location.

Those terms would make more sense on fix and flip or BRRRR. from a HML or PML  that does new builds absolutely rates are at least 2 and 12. and that's for those with  experience.. my bank rates right now are 1 and 7 to 1 and 9 depending on which bank I use and if they are presold and I have built over 200 homes in the last 5 to 6 years..

With all of that being said, does anyone have a legal soft proof of funds letter (pre-approval) that is editable and will work in all 50 states?