You're talking a jumbo loan, so your options are somewhat limited, but I'd let the mortgage broker/lender know he's about to lose that fat commission if they dont get their act together. 

You'll be in better shape (body-fat wise) at 39 than you ever were in your life.

As long as you're sabotaging yourself why not tell the wife that yes she does look fat!  

@Dev Horn I like your analogy, it is certainly easier to see it that way, I am building my buyers list and in the meantime I will make sure to work on my motivated sellers, making sure I catch the big fat fish ! 

Assuming you move forward because the underwriting checks out then you need to secure financing.Securing financing is easier said than done, and unless you have years of experience, successful projects and a fat net worth you most likely will not get financing from traditional banks or get rates that slaughter the economics of the project.

Colonial houses are one of my faves!  

You can most likely live for free or live for half of what it would cost for rent all while your tenants are paying down your mortgage, you are getting fat tax returns, and you have an asset that appreciates dramatically, especially when levered.

@Eric Oneill If you're holding fat stacks and staring at the Poker table it's smart to learn the game before you buy in.

So they sent the notices there - fat good that did me, the tenants never told me I had mail. 

If I thought like that I would be a wage slave with low net worth rather than FI at 22 and took off nearly 2 years with the births of my two sons and now near fat FI in my mid 20’s.