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Updated about 6 years ago,
Rental income from a rented room in primary sfr to qualify?
If I rent out a single room in my primary home can I use that rental income towards my 2 years of landlording experience and use the rental income to help qualify for a mortgage on another house? I am interested in house hacking and buying a new owner occupied place every year or two. It seems as though if I buy a sfr I would have rent it out for two years without living there before I can get another house unless I can qualify for a second mortgage. Am I correct?