@Twana Rasoul @Josue GudinoI agree and to add to that self sufficiency rule, we ran into that being an issue and had to put about 10% down instead of the 3.5% but it’s still lower than 20-25% down on an investment property.I’ll try to explain it the best I can for our property.

The income from that property is sufficient to produce a net return of about 13 percent on the investment.Apartment-House GameSenator Copeland.

They don't typically look at you so much as they look at the deals ability to produce sufficient income for the debt service.

. , 311 F.3d 226 (3d Cir. 2002) (“Where the presence of large quantities of asbestos in the air of a building is such as to make the structure uninhabitable and unusable, there has been a distinct loss to its owner.”); Gregory Packaging, Inc. v.

It is also required in most states when doing certain real estate activities like managing or selling over a certain quantity per year, so at some point it may be inevitable if your activities go down that path. 

Familiarize yourself with the FHA Self Sufficiency Test.

One two or three replacements that are of sufficient value that both he and you can go on title as tenants in common and the 1031 still be satisfied (if he sells for $300K then he needs to take title to 300K. 

Between both reserves, they should hopefully allow a sufficient safety net.

So, you just need to show sufficient income to support servicing the debt. 

On those occasions I have always had the tenant call first and generally that has been sufficient.