Does this Help or Hurt?

[Mike Rodrigues]

Hi, guys!

I currently live in a home I purchased a year and a half ago its a 3b 2.5ba and I live with my girlfriend and a friend of ours. If I did not live in the house and rented the whole property I could easily get $1,500 but given I have the most updated place by far I could likely get a bit more.

I currently charge both of them $300/mo+Utilities(Electric, Water, and Cable) the typical payment to me comes to $420/mo each which pays for my total mortgage payment. I did not put into account my HOA which is $335. So I am not making money on this property.

I plan on purchasing my first investment property in the next 6 months, my question is how does this look to banks? Do I look like a bad investor, or am I adding $7,200/yr to my income to lower my debt to income ratio? I am also aware of that 2 year window where they don't count my rental income in my debt to income ratio until two years from when I started claiming rental income.

I've made 50k 70k and 63k in the last three years, I am in a tipped industry (poker dealer) but all of my income is claimed. How hard is it for me to get conventional lending for my 2nd mortgage as an investor?

Edit:

I have 1 gas card with a $400 limit
I have 1 CC with a $5,500 limit, its paid off every month, so I carry no debt with it.
Besides that I have no car payments or other loans.