I would assume so, but it's best to check with the lender to see how they interpret official FHA guidelines which read:"Net Self-Sufficiency Rental Income is calculated by using the Appraiser’s estimate of fair market rent from all units, including the unit the Borrower chooses for occupancy, and subtracting the greater of the Appraiser’s estimate for vacancies and maintenance, or 25 percent of the fair market rent."

@Griffin Sisk I learned the hard way investing with friends that to cover your bases be sure to make it official and have a formal partnership agreement with at least one or two well thought out exit strategies in the event something goes wrong or someone needs to exit the investment.

Owner had kept contacting Bldg Official. 

I find the forums much more helpful and welcoming than the Official fbook page. 

The official term for Sec 8 is the Housing Choice Voucher Program because the tenant chooses where they live. 

Sometimes they (the lender) wont let you use the HELOC to (officially) purchase other property so make sure with your lender that's not an exclusion4.

This is theoretically risky business because I give money to the developer against a piece of paper in a foreign jurisdiction and I might never get anything in return, as the project isn't even officially launched.

We are hoping to purchase a couple of rental properties to supplement our income as he officially retires (for the third time).

I am officially back in growth mode.

I would like to be able to transfer her old 401K to our Solo 401K, so it would be worth including her officially in the business at least for that.