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I used a tiny house to house-hack but not I can't use the income on the rental house
Hello all!
I recently purchased a small farm (1 acre) with a house that we just finished remodeling. I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan. Problem is since its a "single family" residence it can't be my primary & an investment at the same time therefore I can't qualify it as income. (we live in a tiny house on the acre separate from the house)
Has anyone dealt with something similar or know what is the best way to make that income usable for a loan? If not are there any other loan programs that could get capital to buy another investment?