If I were to leave and rent out my space, I would make at least $600/month because of how hot the rental market is, how low my mortgage is now, and how little inventory exists in my region.Since I'm now eligible for another FHA loan, I was wondering if it would make sense to purchase another and move into it.

The California-based social media giant is in negotiations to lease multiple floors at 6 X Guadalupe, which is currently under construction at 400 W. Sixth St., sources said.Deal would be major validation for Austin o...

We may keep a couple floors as commercial space.

I've thought before about finding a design for a shared living house, that could be rented by the room (1 person), have common area space, and kitchen available for all to use.

Will give us cash for downpayment but will make rental cash flow very tight (maybe $100 month or less)Scenario 3: Keep the current mortgage terms and save up/buy second home, then potentially refinance later on (in a year or two) Scenario 4: Sell our current place and buy a larger home.

Our combined income is just under 200K and we might be able to buy the commercial space with cash rather than a loan.

We were due for our first child in June and figured we might as well just complete the purchase since we needed a larger space (we were renting a 600 SQ ft basement suite from our friends mom and dad) and we figured the rental in this future home would help hedge any risk with making payments in the future.The property was listed for $275k, we offered $280k and asked for new electrical panel and all closing costs to be covered by the sellers after inspection.

So it’s small and the layout doesn’t offer up the most functionality for the livable space.

But they have their own living room, kitchen, bathroom, bedroom, office - it's a completely separate space in practice.

If you have not raised the rent at all for five years and now that things may be tight for renters, decide to raise the rent by that much, it may cause them to leave and you maybe faced with a bigger problem.