This dividend income will help you qualify for loans eventually, supplementing your W2/ day job income. 4.

Quote from @Tim Aiken: I have a house in Bellville and I would like some help on deciding to fix and rent or sell the house, so I may need an agent to discuss the options,  looking at a timeline of 1to 2 months before the house could be listed if that is the best direction.  

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

The other is in the low 500s but stated that this is due to a car accident totaling her car and is in litigation, so she is not paying on the loan. 

You should develop a policy for whom you will reject and follow fair housing laws.

First, get your financial house in order: check your credit report and score, pay down high-interest debt if you can, save 3–6 months of reserves plus a solid rehab/repair stash (plan for $5–10k per unit minimum), and track your income so lenders see stable W2 earnings; then get pre-approved so you know your real buying power.

I started out house hacking too (still do) and now I’m a mortgage broker helping others create financial freedom through real estate here in Tampa/St.

We renovate to get approved, move tenants in fast, and keep maintenance low.

Many managers get jumpy around rooming houses.

That's stable income from day one, which is critical for a house hack.Since you asked for perspectives, the one thing that always comes to my mind is cash reserves.