However, the tenants will be paying that PMI so it’s still better than not buying.

I estimate construction costs, create plan sheets, and project manage for my every day job.

Hello All,We recently bought a new primary residence using a HELOC and we now plan on selling our former one.

Hello in 2021 my partner and I bought an apartment in FL.The main purpose of the apartment was to invest our money to have it saved for our son to go to college.We have been renting this apartment to a family member who has been paying less than what we pay for mortgage and HOA,so we have been taking money out of pocket to cover expenses and so on.I decided that even thou the purpose of buying it was for college,I’ve had enough taking money out of my pocket to pay the HOA and expenses.My question is if I should sell this apartment or if it would be worthy in the long run to keep it and meanwhile just keep paying the HOA and expenses.Renting it to another person is not an option.

Students pay between 500-800 per room in general. 

Planning the BRRRR it, should be able to rent it for $3,700 is my expectation.

My understanding is that we'd pay $1,000 for a rent appraisal which would have to come in with a ratio of at least 1.0 (i.e. at least as much rent as PITI) for the loan to be approved.My concern is that 730sf is basement, and only 300sf of that is fully finished. the rest is just walls.

You would pay tax on 2/5ths of the gain. 

Definitely gave me a game plan on how to move next!

@Carlo D.Paperstac@Brett Burky did not even have to pay me to say this