Putting derogatory items behind you can take some time but you don't want to forget to replace that bad history with some new good history. Having 2-3 open active credit accounts reporting your timely current payments is the best way to rebuild your credit score. Be certain the credit accounts you have open are reporting to all 3 bureaus BEFORE you open these accounts, otherwise you only build one score when you need to build all 3.
FHA won't allow a loan to close if you have collections exceeding $2000. You can google 13-24 Mortgagee Letter--Collections for HUD's policy on that and you may have to work to satisfy those collections by arranging payments to them.
If student loans are deferred for more than 12 months, they won't be included.
Good Luck!... more
There is no minimum, but the local extension office suggests 4 acres for 2 horses. Each individual communities covenants and restrictions will tell you their requirements. Some are 1 acre per horse, some are 3 acres per horse. You would have to check the individual housing developements. There are housing developements "Equestrians Communities" that cater to mini equestrian estates.... more
Are you planning on staying and enjoying it for at least a few years? Do what will make you happy!
Are you planning on selling as soon as the work is done? Neither project will return as much as a Kitchen remodel, but adding bedrooms always will be a winner.
The problem is, you never know what your Buyer will need; you are guessing.
You can't make everyone happy, so don't try.
The percentages are to go with the bedroom & bath.
Good luck and may God bless... more