During this 24-month period, the property must be rented to another person at a fair market rental value.After the 24 month period your sibling could convert it into a primary residence.

Yes first-time buyer DSCR is actually fairly common, especially here in Southern MI. 

At the end of the day, just be fair and things will hopefully fall into place nicely.

Stock picking is gambling pure and simple. 

I've bought my last 3 house at fairly conservative pricing and reinvested into them.

For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes

I fairly positive that wont work, i have read that contacting mortgage brokers is the best way to go if you can find one.

@Todd Nguyen - while I'm biased, I think we have a solid product in California with good pricing and coverage, and it's still fairly available across the state (unlike the other carriers that are unfortunately leaving).

PM is lying about the fair housing laws.

The fact you brought this up on this board with this situation tells me that you are fairly new to renting by the room.