I am a contractor , I dont supply a count of 2x4's and prices , tubes of caulk and gallons of paint .  

Comps that are most like the subject property in layout, appeal design, neighborhood, same bedroom count and adjusted for different bathroom counts, with bracketed sq. ft. and bracketed sales prices. 

@Doug Pretorius@Jeff WhelanI see where the confusion is on my part...Usually, a lender will count some portion of the rental income.

Unfortunately I'll be out of town until the 14th on business, but count me in on the next one for sure.Thanks for the  invite.

I see it alot with bedroom count also.You need to decide if you want to put effort into this now mediocre deal or wait for something that fits your criteria.

So long as its the same line of work and you don't have declining income from your most recent year versus the previous year by more than 20%, the lender will do a 24 month average of your income and count it in that way. 

Is the lender you talked to counting expected rental income (or actual rental income if it's already going to be leased out when you refi)? 

This is because the heavy year-end withholding will be treated as paid equally over the four installment due dates.And yes, as you might have already guessed, your W-2 withholding counts. 

Since this is not a true expense where money is actually paid, lenders will add back depreciation expense for self-employed borrowers and count it as income.discount pointsIn the mortgage industry, this term is usually used in only in reference to government loans, meaning FHA and VA loans.

I think I’m just over analyzing things but I’ve got to get it right as I’ve got a growing family counting on me