Hi @Adam Dordea, the underwriter will likely catch this and make you wait the full year prior to funding the loan.They do not want to be held liable for approving the loan while you are not yet at the 1-year mark.For all they know, you will move into the property on closing day.In short, unless the underwriter misses it, it could cause the property you are trying to buy to be delayed by 2 months and may cause you to lose the contract and EMD.Hope this helps!

Hi Adam,When I have had to use a co-signor, they are screened the same as the tenant. 

@Adam CraigI would at the very least check into what is allowed by zoning, and if you can property tax relief, if any, if your rent it to a religious organization (I'm guessing not).  

Quote from @Oscar Adams: My question: why would you spend money, time, and effort on investing when you don't have income to cover your living expenses?

@Adam Bartling Thank you! 

Thank you Andrew and Adam for such detailed information.

@Adam Soyak Yes, both houses have to pass inspection.

You definitely will want to be careful buying invesments in the OWE, like Adam said it has historical requirements you may have to contend with.

Thanks,Adam H.

Good luck,Adam Atassi