You may be declined for not being an owner occupant, but it will still buy a little more time.

On some properties (newer) a 40% op ex ratio may be better on other (older) perhaps a 55% to 70% op ex ratio is better. 2.

@Gp G. going to guess your current PMC is charging you a flat fee for finding a tenant.If so, who's going to pay an agent that brings a tenant via the MLS?

Hey Matt,We have definitely had a dip in demand and it has been harder to find qualified tenants, but we have attributed it to the seasonal ups and downs. 

@Asher M.Possible, yes but like your lender pointed out it's going to be difficult to pass the self-sufficiency test (SST) for a legal 3-4 unit property.

David Happy New Year and Welcome to BP!!

It's really not a difficult deal to put together.Good Investing...

How where you able to buy a house w a  cc?

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.