If you do not qualify for the first-time homebuyer, you would likely still be eligible for a high-ration mortgage and 10% downpayment,In both of the above instances, you will be required to live in the home.  

If you use those proceeds as a down, you'll need to qualify for the purchase money loan with that loan taken included in your rations.

I know at first my girlfriend couldn't rationalize all the work for just "$200 per month".My girlfriend wasn't initially on board either, but her ultimate dream is to someday own an art studio where she prints and sells artwork.  

You can only work with the rational ones though.  

Financing a residential property is very much like placing a mortgage on your personal residence - with a few small differences ... namely high-ration mortgages are not available on non-owner occupied properties.  

When you start getting successful and have that nice big fancy house, cars maybe a big boat, travel trailer all on your compound, Jealousy can throw people on the fence of rational behavior overboard after they find out you're "rich".

The wrong people are late on rent, make unreasonable repair requests, damage the property, and frankly can rationalize any type of behavior they want.For definition C and D would be in average to poor condition, on busy streets, on 'rental' streets (cars parked in yard, sofas in yard, etc), poor schools, grocery store too far away so primary food source in convenience mart.I'm in Austin, FYI

I think doing that also will decrease my debt-to-income ration and help me get a higher loan amount also.

I didn't really follow the rational on that one but then I'm totally new at this which is why I'm putting this question out here!

Sean,Some people are not very rational.