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Updated almost 2 years ago,
How many years of rental income needed for new mortgage?
We have a short term rental that we bought at the beginning of last year and it rented well in 2022. The condo complex is undergoing renovations and it won't be available to rent until late 2023 (so it won't show any income for 2023 until later this year) but I'd like to get a mortgage soon. Can the income from this property be used? Any insight on this? Thank you.