@Rodrigo Barreiro PujolYour plan to house hack in Austin with a $25k initial investment is a solid start.

Look at similar houses sold in the last 6 months in same area.

We haven’t filed personal taxes as our accountant extended after an accident so have no “income” shown through taxes.

They are personable to family and caregivers - after all they will be the face of the business and will be giving tours and going over house info with potential clients.

Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.

Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!

Our goals: Obtain another investment property while not having to pay anything for a down payment.I envision that my in-laws would use $250k (equity in current house) as a down payment to get into a new smaller location.

I personally would never invest money in an area that I didn't know, with people I didn't know, in a business I knew nothing about.

But the kicker is that the house has a market value of closer to $750,000 - $800,000.  

Maybe the house doesn't show well and you need to put some money in to spruce it up and make it show well.