Personally, I would recommend purchasing the primary residence first, mainly because of how the DTI is calculated.Scenario 1: If you were to purchase the STR first, and then the primary residence, you will likely need to qualify with the full payments on both properties depending on your timeline.

The property is ~75% occupied, so it wouldn't qualify for agency programs.The seller is extremely motivated and may even consider seller financing her equity.

Non-occupying co-Borrower: A non-occupying co-Borrower on an existing FHA insured Mortgage may qualify for another FHA-insured Mortgage on a new Property to be their own Principal Residence.

Found something new to qualify in your next lease 😀.

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

Will having this job qualify me for an FHA loan, even though it’s not related to my degree?

Yes, we have been doing lease/purchase and lease-options deals for over two decades.The rent+own strategy is particularly relevant when prospective buyers are having a hard time qualifying for a mortgage, either because mortgage rates are high or because prices are rising.Kinda sounds like both are happening right now, doesn't it? 

You will borrow money (your equity) in order to qualify to borrow money to purchase, which means you are 100% leveraged.

The person has to qualify and be able to have the where with all to maintain the paperwork.You are talking about cosigning then worrying about taking his property?

We have several qualified people who have already requested an employment application.