Advice for Investing $100,000

[Steven Fowler]

I am leaving my job soon and moving to the DFW area to open my own business. I am getting $100,000 as a severance payment for leaving. I want to invest this money in getting a personal residence and purchase 1-2 buy and hold rentals for the long-term. The problem I am facing is that with my loss of income, I don't think I will be able to get a personal residence, much less investment property. My mortgage guy tells me I have to rent for 2 years in order to qualify for a home loan even though I have plenty of money in the bank. Is this accurate? Are there any other options?

My background is a 10 year military officer, excellent credit, already own 2 other houses that provide/will provide positive cash flow and good equity.

Thanks, I appreciate the advice!