Here's what the loan officer told us: "You still have entitlement left over that you can use if you choose to make this property your primary residence.

I'd say the loan officer you work with is just as, if not more important than the company.

@Isaura Orellana why would a S8 office approve rent of $1250, with no included utilities, for a 3 bedroom rental in the City of Detroit, when there are thousands of cheaper rentals?

The best way to know for sure is to speak with a loan officer that can tell you what pricing is for you specifically.  

Back when I was brokering commercial real estate 100 years ago I had a deal on a small office building fall through when during the walk thru just prior to closing the buyer insisted on checking the candy vending machine and verbally to;d us and sent us a follow up letter informing us that he wasn’t going to close because the Baby Ruth’s in the candy machine were stale.  

I'm going to try to get Safeco to waive their new policy of not allowing any change of broker requests to go through after July 1, 2024 based on the fact that I never received their notice of Non-Renewal (dated May 4, 2024 ) in the mail and only got a copy of  it by email from my agent's office on July 17.  

If you must pay, offer to do free work for a rehabber, tax lien buyer, or just dpent time in tax office, I have and it works!

When a buyer knows they want to buy and buy again fairly soon they need to target the homes in order.Bank loopholes which cannot be questioned; Buying smaller home first, then buying bigger home (Sqft/GLA) we review it as growing family, need space for office, dogs etc..

Hey Shai, we have an office in South Jersey and 4 rentals in the area, so we know the market for sure!

So, most likely going from a lower rate conventional to a higher rate DSCR you will be just making your DTI worse not better. 2) However, most loan officers do not seem to know how to calculate rental income which often results in incorrect DTI numbers.