2/ A quick check on the net shows that rentals are freely available in the Ormeau area from $360 plus for modern good sized homes?
3/ Also the search shows a modern good looking duplex 3br, 2 gar, 2 bath for an asking price of $299,000, and numerous good sized homes with the asking price in the $330,000 area.
So I do not know what your questions are. Have you not looked in the area? Is the new house being bought on no deposit?
Forget getting enough equity by cap gains to release the guarantee it’s not going to happen
My only comments are to find a better, cheaper house to rent in the $400.00 and under bracket, there are 74 listed on the R E Com for rent web site which most appear to be bigger than what you have and you can always make on offer on the rent
