Also, even though we make negative cash flow, since its big house and income from house is a lot we had to pay more taxes. 

It seems there are a lot of scam website sites out there for flipping houses and finding funding.

Are you going to house-hack?

This house is the only thing I have left of my parents.

I probably have an average of $150k of equity in each house. 

What are the best neighborhoods in Jersey City for house-hacking?

That loan is great for house-hacking either a single family home, duplex, or fourplex.

As long as you close on your house before the foreclosure sale date, you're fine.

@Jason Sinclair, having a designer for a wife, I would answer that it really depends heavily on each house, the flow and usability of the spaces as they are, and the overall use of space in the house as a whole.That being said, while there may be a small shift towards more separated spaces, "open concept" is by no means dead, and in many markets, most people seem to still want to have connectivity between their communal spaces.In fact, my wife's current flip is a split level (although technically it is a split-foyer), and she is taking out a structural wall to connect the kitchen, dining and living areas.  

I ended up renting a guy and his girlfriend a $10,000 house for $200/week.