Her 2nd Uncle was added to title after the death.My proposed strategy is for my fiance to be added to title, or transfer title to a trust containing all heirs and my fiancé.

Rentals really shouldn't be adding to your debt ratio, or if they do, it wont add much, unless your not buying the properties at the right price.

My properties do not usually rent the first month or two when i buy them if they have a vacancy, partially because the first thing i do is fix up the vacant unit. you just need to prepare yourself for having that possible down time, but adding more dept to pay that monthly dept, you may be adding logs to the fire that is already burning and could get out of control, know your market area, make sure you are comfortable with buying the property with the knowledge that it will rent.

@Fred Heller, I may be adding a 12-unit apartment soon, so that would be good to know as well.

When the client is getting ready to sell, it would be good to go ahead and permit it, since you'll be able to list the additional sqft and add value2. yes. the sqft would be added to home after permitting3. we usually account for $5-10k and 1 full month. 

@David Fernandez, you are right, I should be adding those into my calcs.

Maybe underwriters will change their process to say hey this borrower is not going ot be able to write off 5k of his 15k in prop tax's so there for at 30% he owes 1500 more in tax a year .. so 125.00 has to be added to DTI for qualifying.. will see right now that is not the case.. and I suspect it will never.But I agree some will look at tax benefits and make different decisions..

This goes to your DEBT side.3) Lastly, they will take 75% of the rent from your rental income and subtract your monthly PITI on your rental property(ies) and if its positive, that positive number will be added to your INCOME side.

Also, you can connect with @Hussain Harun if you would like to be added to the email list.

My personal rule is that my lease only changes under a few circumstances. 1) I found something new I want to add because of some new education. 2) My attorney saws something needs to be added or removed to comply with the law or reduce my liability. 3) My tenants have, by their behavior, shown me a short coming in my lease.Here is a little montra to say to yourself "a vacancy is a blessing compared to a bad tenant".