i plan to spend the next 3 months renovating a property that is gifted to me. the title is free and clear and the deed is recorded. comps should come in at around 50k. we are talking a relatively small row home in philadelphia. there a whole bunch of them! but im wondering how the note on my primary residence will prevent me from borrowing moving forward? will my ratios be scrutinized regardless of what i have in equity???

so how to access a homes equity if your primary residence's mortgage will challenge your debt to income ratios? even if i rented the property and i can prove i collect 700 a month in rental income, i need to show a couple years of rental history to use that income?

the plan is to amass a couple rental properties over the next couple years. i dont make alot of money but i will have equity after this first deal is closed