I used a HELOC from my condo to purchase my new house and live happily ever after...Until I realized I really enjoy learning about real estate and wanting to purchase more property.Here's my situation...Condo that's rented has a cashflow of +$62... rent covers mortgage, HOA ($216 a month) and HELOC interest only payment; I apply the +$62 to the principle.I live in a 5 bedroom, 3 bathroom house that I moved into last September. 

@James Smith  How long ago did you apply with your lender? 

Does it apply to non-owner occupied/investment properties as well? 

(Disclaimer:  for those of us who have no sense of humor, this was an attempt at humor and no way should be construed as being in any way discriminatory.)According to the article:"It doesn’t apply to sex offenders or people who have a criminal conviction that, after an “individualized assessment,” shows that denial based on the conviction “is necessary to protect against a demonstrable risk to personal safety and/or property of others affected by the transaction.”You'll have to obey your local laws, and do an 'individualized assessment'. 

There's also the 4% General Excise Tax (GET), which you will need to apply and register for a GE License.

Even in residential real estate, it only applies to 5+ unit multifamily.

Once you have your renter criteria created, you could put it in your rental listing so that those who believe they are qualified are more likely to apply than those who don't match with your renter expectations.

However, your income will be based on your 1040's and whatever schedules apply to your situation.

It appears that applicants who are determined to need an esa must re-apply either each semester, or annually.  

Im applying for a mortgage at univest in PA.