Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.

If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify. 

But I know that the leaders are working on plans to fix it and they are very skilled and effective.

This skill will come in handy when your clients are freaking out and stressed.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

The "non conforming" lending options are actually called NonQM (non qualified mortgages).

It really does depend on timing of being put in service, that bonus it qualifies for (if any) and the life cycle of the elements that can be advanced. 

I have also seen appraisers recognize that multiple ADUs by rule does not qualify for conventional F/f financing.