I’ll probably live in an apartment for a bit while I re-qualify as a first time home buyer and hopefully find another distressed property to renovate either in WA or Midwest .

I believe that qualifies as owner occupied but would like a lender to comment. 

And I have various options to allow you to qualify, not just one. 

With conventional financing, your income, DTI and employment history will be used to qualify you.

thank you  You could go up to 80% if your property can qualify for it 

Assuming the buyer can qualify for conventional financing and your numbers are accurate (which I suspect if I was purchasing my value add cost would be higher)  They purchase at $400k.  

Like they said ^^^^^ Definitely re-qualify, and go to a month-to-month lease.

This methodology is advantageous for taxpayers since this does not involve filing amended tax returns.Other things to consider bonus depreciation, Qualified Improvement Property (QIP), and 179.

As I understand the ESA Laws in Texas if a pet is a qualified ESA then you can't treat it as a pet at all.

Hi Jacob,Would you qualify without your father's income?