Conventional Mortgage Financing

[Dunnell B.]

When applying for a conventional loan (for a rental property), will the bank base my loan approval amount on my current income (before the rental property is purchased and making a profit) or my total income with the property up and running? Could the bank base my loan on my income + the potential earnings of the property? Perhaps if I were able to show that I had six months worth of loan payments on the property in savings?

Thanks