When they make more money, they have room to give you more lender's credit, verse versa.

Why not you can buy the house with pretty $0 then rent out the rooms and have your mortgage paid for you.

Your talking about purchasing all new baseboard units, having them installed, all new electrical wiring run and either a central thermostat or room based thermostats.Regarding your existing furnace, did you only get a parts replacement quote from the one contractor?

For example like one BPer who uses spare room to mine bitcoin.

I will list the details below for you to review.Asking Price: 275kProperty Details: 3be/2ba, 1350 sqft, 8600 sqft lotRehab cost: 20k (cosmetic fixer-upper like fence, paint, lawn care)ARV: 310k-330k Purpose: I planned to buy this as a primary and rent out 2 of the room for roommates.

They quoted me about a grand to do the elevation survey for one of my properties, and about another grand if they get it taken out of the flood zone.

Purchased this property on 9/21/21 and had the entire interior painted, granite counter tops in the kitchen, laundry room and bathrooms, resurfaced the hardwood floors that were being hidden under the carpet.

Learning to Manage a short term rental is an ongoing activity for us, we have done okay, but have a lot of room to grow.

Expanded the driveway, making room for more off-street parking.

If you are simply renting rooms in the main living residence and have not separated them as investment only then same thing.If you have separated out part of your house as investment only then that portion could be used in a 1031 exchange to buy other investment property.