. $$$2-Rent it out and use a HELOC to fund an owner occupied 5% down MFH-House has potential to bring in around $800-$1000 CAD per month in profit 3-Rent it out, move in with the family until I have enough saved up for another down payment.

Our current payment is around $1350 including Taxes, PMI, ETC.

The purchase price is $140,000 with 25% down payment.

When she decided it was right to live together, i took over mortgage payments and she just still pays the utilities.

When she decided it was right to live together, i took over mortgage payments and she just still pays the utilities.

However, I was just rejected for a used car loan because of my debt to income ratio....I have excellent credit - never missed a payment, but it looks like I have a ton of debt.

You ought to do minimum payments, grab an FHA loan with first-time homebuyer grants, and grab a quadruplex.

With the available capital I have for a down payment.

I know you have to live in each for at least a year but I should have enough saved to where I can shortly make a down payment on another property regardless of needing to stay in the first home. 

@Nerissa MarburyIf she is the tenant from hell, charge her as much as you can possibly get out of herIf she is long term, with perfect payment history......put it down to experience or charge her a token amount