The proper way to do this, as a L/O, is to have 2 contracts. 

But, I don't know what program your LO is working with, so hard to say what is going on there?

You'll go to your Veteran's United LO and say, "Okay, I've found my house." 

@Nicholas Butler  LO is right in your loan scenario if he not going to live with you. 

There's more to the L/O than just this, but to answer ONLY this question, you will lease the property from the seller for less than the current rents...which you will collect now. 

For investment properties, it appears that my clients are all writing off ALL mortgage interest and ALL property taxes.Primary residence, they are writing off interest on the first $750k and zero on property taxes (they are already at the $10k SALT cap).Our President is a real estate mogul, lo and behold tax reform didn't hurt real estate investors at all.

You could find a place like a credit union or a call center that pays you hourly with a small commission, but they're making fractions of what higher performing commissioned LO's are making. 

Jay, I see you list LO as a place you live.

Every informative post by an escrow officer or Realtor or LO or accountant on this discussion form is in part being helpful, and in part lead gen.

I usually do $2k deductible for LO tenant).