For yourself if you wish to be a landlord it is manditory that you learn all the regulations and understand how they are applied in your state.

Hello,I have read when applying for a FHA loan you can use 75 percent of currently rented units for your income.

I was pre-approved for an FHA loan and want to officially apply for the loan but am concerned I won't be able to find a deal.

Thank you.Learn, Apply, Produce!

You don't have your GSI, but assuming you applied vacancy rate of 6%, we can figure it out from the given GOI.  

I've listened to ~50 of the BiggerPockets podcasts, read a lot of blog posts, and have been lurking in the forums so I am looking forward to applying the knowledge I've picked up over the past 9 months and learning more!

Take that $150/month savings, and apply it towards paying your mortgage off even sooner, and you could be debt free years and years sooner.

Borrowing a good idea I saw for a post that was applied to Northern Cali.

Although I agree that 100% of your monthly lease payment is not applied to the purchase, both parties can negotiate to have some portion of the rent applied to the purchase, especially if the rentor will pay above market rates.

Learn, Apply, Produce!