Here’s the listing:--> https://www.zillow.com/homedetails/398-402-Boston-Post-Rd-Wa... price: $350,000My plan:Live in the smaller homeRent the larger home immediately (after light cosmetic work)Use FHA (3.5% down) + CHFA (down payment assistance)Reduce my personal housing cost as much as possibleSlowly fix my unit over timeBuild equity and eventually refinance to help fund a future businessNUMBERSPurchase Price Target:Offer target: $260,000Expected seller counter: $275,000–$300,000Currently listed at: $350,000FINANCING (FHA + CHFA)FHA 3.5% downDown payment covered by CHFA assistance programEstimated interest rate: ~6.5–7%MONTHLY PAYMENT ESTIMATES (P&I + Taxes + Insurance)At $275,000 purchase:Mortgage (P&I): ~$1,775Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,350/monthAt $300,000 purchase:Mortgage (P&I): ~$1,940Taxes: ~$420Insurance: ~$150--> Estimated Total: ~$2,510/monthRENTAL INCOME ESTIMATE (Big House)Based on local comps:Low: $1,700/monthTypical: $1,800–$1,950/monthStrong (clean/paint/update): $2,000–$2,100/monthMY OUT-OF-POCKET HOUSING COST AFTER RENTIf I rent the big house at $1,900/month:At $275k: ~$450/monthAt $300k: ~$610/monthIf I rent at $2,000/month:At $275k: ~$350/monthAt $300k: ~$510/month(I currently pay $0 in rent living with family, so my goal is to keep my costs low while building equity.)REHAB ESTIMATESBig House (rent-ready):Cleaning + paint + small fixes: $1,000–$3,500Optional cosmetic upgrades: $2,000–$5,000Small House (my unit):Cosmetic repairs only: $500–$3,000Optional improvements (done slowly): $2,000–$7,000Major systems (worst-case ranges):Roof: $8k–$12kBoiler: $4k–$8kElectrical panel: $1,500–$4,000Plumbing repairs: $500–$2,000 typical(Inspection will tell me more.)CASH NEEDED TO CLOSEWith CHFA:Down payment: $0 out of pocketClosing costs: varies, but often reducedExpected out-of-pocket: $1,400–$1,800Inspection: $400–$600Appraisal: $500–$700MY FINANCIAL POSITION(To give you context for risk tolerance)Income: $5,000–$6,000/monthMonthly bills: ~$2,600Emergency fund: $10,000Credit: 717Access to 0% APR business credit card (likely $8k–$12k limit)Currently pay $0 rent (living with family)MY QUESTIONS FOR THE COMMUNITY1.)

Some owners like to keep control so they can use autopay or earn rewards on a credit card.

She has an 840 credit score, almost maxed out her 20k credit card limit, barely making the mortgage of $2k on her own for the past 2 years.

Investors care more about your knowledge and responsiveness than the name on your business card.

Do you have two big car payments or credit cards?

I started my investing career just over 30 years ago in Minnesota, buying a total gut job on the east side of St Paul on a credit card. 

(it hasn't happened yet, but it's right on my card and I tell every landscaper, attorney, mail person, barber I talk with )*I close

I collect a security deposit hold against the guest's credit card, so that I do not have to rely solely upon the Airbnb "damage coverage".

This only takes into account the monthly payment you're trying to buy and in essence you do backwards math till you work your way into a maximum loan amount or purchase price usign this 46.99%.The backend of 56.99% or 10% higher than your front ratio of 46.99% just means you have 10% of your monthly gross income for all your other debts like car loans monthly student loans credit cards etc (other debt basically), you cannot exceed this otherwise it will reduce your front ratio vice versa (IE if your back end stuff is 20% that only leaves you 36.99% for our front ratio = total of 56.99%).You can payoff debt, get a raise at your job, you can buy down your rate, get a cheaper insurance quote, have your brother refinance your car off your name, etc (strategies to reduce your DTI to increase your borrowing power).

That logic makes no sense, and it left me feeling stuck.A support agent has now offered to manually deactivate auto-renewal on their end, so at least I won’t need to cancel my credit card—but this should not be such a difficult process.Overall, TurboTenant has been an expensive waste of time and money.The software is clunky, support is slow and confusing, and the listing performance is far worse than every other platform I use.