Maybe you could find out if that house is also for sale @ a discount and now you have 2 properties that you can improve and drive the equity up.

Mortgage rates make buying a permanent residence painful and costly... 

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I could theoretically get my money and rehab costs back in ~ 1 year assuming it rents for $1500 per month (current market rate).  

Members often share investment opportunities, like off-market properties or discounted services from contractors so I'm quite sure you would find it beneficial to your journey.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

I just got a pre approval today for a 125K DSCR loan 30yr fix no ballon. rate is 9.25 excellent credit 25% down with some room to buy down the rate. hope this helps.

But, keep in mind Redfin assumes the amount you put down, the interest rate you get and a couple of other charges.

The Milwaukee Mill Rate for 2023 was $26.07 per $1,000 of assessed value (2.6%).

However, with the rise in interest rates, I am fairly certain that a threshold ratio of 1 will not be met.