Rental income as income for primary residence sooner than 2 years

[Mike Schorah]

Could I use new rental income from my primary residence as income to count towards a new primary residence and buy that new primary residence sooner than 2 years?

I was told by my mortgage broker that if I moved out of my house and rented it out, it would take 2 years of rental income before I'd qualify for another house unless I had 20% down. I want to move to Florida eventually but I do not want to rent out a home. I want to buy a home and prefer to keep my current primary residence as a rental. I've owned the house for 5 years. I prefer to use the current equity built up in the house for real estate investments.