State law is clear and unambiguous - you cannot market a property or your position in a contract for a property unless you already own it. 

This could potentially be a Fannie type loan, no need for HML.She will want an unambiguous unconditional job offer letter for the new job (ie, no "pending" background check, or "pending" this or that), and to document that the first paycheck will arrive prior to the first new mortgage bill being due.

If it's unambiguous W2 base salary, or hourly with guaranteed hours, and approximately the same type of job, you're fine.Where people get jammed up is their new "employer" gives them a 1099 and the old one is W2.

HomeReady is one of the few niche mortgage products that'll unambiguously count ADU income from a property you are buying.

It was incredibly frustrating to show multiple jumbo lenders all the notarized, recorded, filed, etc, paperwork/maps/surveys/prop_tax_docs/etc showing the parcel split was unambiguously complete and a done deal years prior, and them to say "no, this doesn't fit in our little box unless you can get a prelim with only 1 APN, loan denied, we don't care about 25% down, 36 months of reserves in a retirement account almost as large as the loan amount, and an 800 FICO score" repeatedly when these were portfolio jumbo lenders to begin with. 

The Federal code and regulations indicate that the identification must be unambiguous.  

Hi @James Letchford,One common way to do this is to "season the funds," which is vaguely sneaky, I'm not at all clear that this is on the up-and-up, and there are endless threads that talk about "seasoning funds" that you can read, so I'll leave that alone.The way I personally would suggest structuring this, so that it is clearly and unambiguously on the up-and-up, and furthermore that you wouldn't have to wait 2-3 months to "season funds" (by which point the property you had in mind has already sold to someone else, anyways), is as follows....- Pick another property you own.- Have your LLC buddy be a private mortgage lender.- Secure the funds by that other real estate.- Boom, that's your down payment funds, you're into it 100% OPM and 0% money out of your pocket.- ???

It is something completely unambiguous and within the tenant's control.

And if they did, you'd still be good, it's unambiguously still the same business. 

As I read this, it's pretty straightforward and unambiguous that I have to pay those dollars as part of indemnifying you."