buying a 4 plex and living in one unit

[Seth Brown]

I currently rent from my parents and graduated from college 2 years ago. I have a full time job and +700 credit. My parents are wanting to sell the house so I need to move. I was looking to buy a duplex and rent the other side but am having trouble finding one. I did find a 4 plex in an area that is growing quickly but the list price is more than i originally planned on spending. Only renting 3 units it’ll still cash flow. I was hoping to use future rental income to qualify but there are no current leases. I can i count future rent with a factor or am i dreaming. Trying to be creative but not sure how to finance.

also my first property and post on here so open to any opinions about residential real estate.

[Barry Sanders]

for FHA or Conventional you are expected to occupy the largest unit (even if this isn't your business plan that's the way they underwrite the loan), they then count income from the 3 smallest units on the property as additional income for DTI ratio, the appraiser will use market rents. the property has to be able to cover the mortgage with just the rent from the 3 smallest units to pass underwriting (this is with any 3 or 4 unit). Has any of these lenders told you why they cant do it?

Try this website to find lenders: https://www.freeandclear.com/