This mortgage broker assured me he could use the rental income as soon as I got a lease on the place.This guy has always been really nice in the past, but he sent me a very short email on Friday night asking if a parent could co-sign (I'm a 45 year old man). 

I suspect the first thing the insurer will do is contact your Grantor (the mother) and find out what she intends on doing about the problem since I assume she signed a Warranty Deed and a Seller's Affidavit where she assured you and the insurer no one else had an interest in the property. 

This assures the agent and seller you have the ability to secure financing whereas a pre-qualifying letter "qualifies" you if you have employment and a stated credit score.

My business partner is an attorney and he has assured me that case law supports this.

But I think it's ok sometimes........only if you can pretty much assure really good appreciation pretty soon down the road.

Rey Alvarado 50% of profit.He held title as assurance (i dont recommend this) but i trusted him.

Eventually went to the president of the company and said we needed something to change, we were assured that he would take point and handle us moving forward. 

Solutions might include assuring that a certain amount will remain in reserves untouched, or setting a budget for the annual CPA expense.

I have spoken to @Zach Evanish several times so I assure you he isn’t a bot.

Everyone who posted is almost assuredly more of an expert, but just keep in mind that it's tax deferred not tax free!