The key is that 2 year work history that you'll need to establish.In certain circumstances you can use the income before you even receive your first paystub (certain relocation and job change scenarios), however typically you'll need to receive atleast 1 paystub to use it.If you have had no work within the last 12 months preceeding this new job then you may need to be on this job for a min of 6 months before you can close on this new loan which would hamper your plans to close within 45 days on this duplex.Then again scenario #3 if you have the credit and the down payment and the property cash flows from conventional underwriting perspective and you have "no credit card debts," on your credit report then you may be able to qualify any way since your debt to income or DTI will be 0% (property cash flows) no debt outstanding to qualify for as the duplex will be adding income to your scenario.I've had an underwriter okay scenario #3 above but have never funded a deal like.

Our expert presenter, Tina Tamboer of the Cromford Report, will provide you with her unique perspective on what is happening in our market today and her projections for the future.Go to http://azreia.org

No risk on your part but look at it from your investor perspective.

I did nothing right from an investing business perspective on this one but I bought it for such a good price that it still works despite me not knowing what I was doing 5 years ago.  

Background:I've currently got 4 SFR rentals (all acquired from turnkey providers) and 1 primary residence.I've got approx $40k in savings(for investing) and just acquired $100k HELOC on my primary residence.Looking for some different perspectives on what others would do with this money for a "next move".Thanks!

I really recommend reading the Ultimate Beginner's Guide (https://www.biggerpockets.com/real-estate-investing) to give yourself some perspective. good luck!!

The commercial brokers are basically the only source for getting reliable information on the current cap rates are in the market.Food for thought ... for the cost of a cup of coffee or lunch, you could get some great perspective and education from a commercial broker.

However, I think I could simply rent out the other two rooms for about 600-650 a month to individual renters, so while the property isn't hitting the 1% rule, it does seem to make sense from a house hacking perspective.

Thoughts, perspective and advice are appreciated.

From my perspective ( I am no expert) prices have risen substantially over the past 7 years (as everywhere) and it is difficult to find properties that meet good cash flow criteria at the moment.