My questions:
1. Should I spend all the money (read: ALL) on a house that leaves me no money at all (maybe a few k$ in
checking account, but that's it), or should I buy a cheaper house and
spare some money in case of emergency? Right now I have 2 choices: a
$270k house, including all costs, and a $220k house, including all
costs, both townhouses, both are of similar 1700 sqft construction area,
both have 1 garage+2 front door parking, the more expensive one has 3
bedrooms (so the rest 2 rooms can generate renting revenue) and is built
in 2012, while the older one is a 2006 house with 2 giant bedrooms
(despite giant, a single bedroom is worth the same from a tenant's eye).
2. I can generate ~$500 per month revenue per bedroom, and that means each
year, I can make $12k from the $270k house, and $6k from the $220k
house. Factoring in that, which one is my best choice?
3. Should I buy a house from the first place? I do NOT have a green card or H1B. I'm
on F1 visa, but I'm sure if working in university, I have 100% chance
to get H1B if my OPT runs out. In the meantime, I have confidence to get
100 paper citations (which qualifies me EB1 NIW green card program).
Inputs are very appreciated, as I'm about to pull the trigger very soon.