Questions on Financing 2nd Investment Property

[Jeffrey Tate]

Hello,

I just purchased a duplex FHA and I have made some improvements to the property and brought the value of the property up. My plan was to refinance out of my fha loan in a year into a conventional loan and purchase my next duplex as an owner occupant with another FHA loan. I just read that I may not be able to use the income on the rents towards qualifying towards the next loan if they are not on my taxes for two years. Is this still the case? are there any workarounds to this? This property has been a good investment so far and I feel like I have some momentum but I would like to do a similar type deal in a year but not wait for two. If anyone has any suggestions please let me know.

thanks,