With Biden being president I don't know if that will extend or not. 

I rented out 1 bedroom and rehabbed proceeded to rehab the home over an extended period.

My current lease is up in March, with the option to extend month to month or move home for a few months after so I'd be looking to buy sometime early next year. 

Rents are estimated to be about 2600 (1700 main house + 900 guest unit) and after expenses, including PM, it will be about $500 net.We bid $446K and they wanted to rent it back, so we offered a low rate of $30 a day for that and flexibility if they needed to extend.

@Jayson GreenblattI would assume Your terms about the tenant were unreasonable to them and that’s why you got the request for the extra down payment .that’s not realistic and the eviction moritorium is just going to be extended anyway into summer .

What I mean is you might end up making a Class C attracting building in the heart of a class B area, and suffer attracting residents due to lack of available Class C services and amenities (pawn shops, liquor store, buy here pay here joints, etc...).Look at your competitors and compare it to what the local (in close) competition is offering (for example within 3 miles in the same area class, structure class, and same neighborhood).Can you turn it into a multifamily?

Unfortunately, I do not think you will find a lender that is willing to extend a line of credit with only 10% equity in the property.

The guy thats looking for funds said he wanted to do interest only for 6 months (with option to extend) at 8.5%.

You are suffering from analysis paralysis right now and it is costing you money.Check out: J.K.

You're 19 and probably single or with a partner (unless you have an extended family I don't know about you're hoping to move in) so that's a pretty big house for one or two people.