Hi @Adam Davis,While you may not qualify for a conventional loan, there are non-qm loan options that can go off of your bank statements and credit score without having to verify your tax returns.Your thought of getting the loan and only paying when the house sells is not an option.

In addition to what Michael said-if you do go ahead with purchasing it, write in the offer that they can not rent out the vacant half, deposit from the occupied side is transferred to you at closing along with prorated rent and get a copy of the lease that has been verified.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I saved them from losing a lot of money to a total scammer (difficult scam to detect due to fake ID's and elaborate identity theft by the scammer.

@Mark Cruse and @Nathan Gesner are right on track, as usual....People are all too happy to rain on your parade, especially when they have failed themselves....misery loves company...It's kinda like verifying that they couldn't make it and therefore no one can.

Hey Latonya, accepting out of state vouchers can increase your tenant pool and potentially increase your rental income, but it also introduces complexities like verifying voucher validity with distant agencies, dealing with unfamiliar local resources for the tenant and navigating potentially different eviction procedures in another state.

Verify everything on the application especially employment and interview as if the person you are renting to is taking care of your primary residence while you are away. 2.

Market circumstances might change, even if your intention is to flip the property, so think about your choices in case your initial plan doesn't work out.Market Analysis: To verify your predictions on future appreciation, growth in the rental market, or the effect of renovations on property value, do a comprehensive analysis of the market.Time frame: Evaluate the opportunity cost of having your cash invested in a non-performing asset and be realistic about how long you're willing to wait for the property to turn a profit.Investing in a property with negative cash flow can be a calculated risk under the right circumstances, but it requires a higher level of due diligence, market insight, and financial planning.

Obviously these are just projections based on a data-aggregation service, so take them with a grain of salt and verify them with more research, but hopefully it helps a little!

YOU verify the info based on education/training.