Casey Check out this article published on BP last year on this exact topic - https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...A couple of more notes:-The 12 month seasoning thing is likely due to the new conventional (Qualifying Mortgages - Agency Fannie/Freddie Rules) that rolled out last April making this the standard rule for conventional loans.

We are not legally qualified to do that. 

Hey Chinmay, Depending on your FICO score, annual taxes, insurance, and property location you should be able to qualify for a DSCR Cash Out loan. 

If you have certain criteria that you use to qualify a lender and can share that would be useful to me. 

It's a fine balance between economy and what you would do for oneself, but creating a space that feels like home should be of primary focus.If you're looking for some insight into re-leveraging any investment properties for capital improvements, furnishings, etc, some lenders can utilize AirDnA projections to qualify. 

@Stanley Smeltzer if you going to start out as a primary residence I would also see if you qualify for Down Payment Assistance or Fannie's $5000 grant program.

Tentative schedule and group will be chosen of the first 5 qualified who answer by tonight.

The representative said the tenant would be re-evaluated after 6 months to see if they still qualified for the assistance and they couldn't guarantee a year long lease.At least with Section 8 its guaranteed money.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Hi Joseph, You would need a 2 year seasoning period to qualify for a government loan (FHA) and a longer period for conventional unless you had a documented hardship situation, such as medical illness, etc where the loan can underwritten manually.