The only time you could use proposed rental income is if you have history of renting properties for at least 2 years which would show on your schedule E on tax returns.I live in Roanoke, Tx and I'm pretty familiar with several different markets in the North Dallas area.

Grants in NYS can be a good platform to leverage real estate.  

But it is still possible to make it work.At this point I would suggest you talking to seller to find out:(1) What sort of condition is the inside of the house(2) How much do they owe in back paymentsYou can e-mail me if you want.      

Send me an e-mail and I'll get them to [email protected] Paicely-(Real Estate Roland)

But, in the meantime, I am studying and researching right here on BP; and, await @Bob E. 

The property is located in Englewood, 1260 E.

Hi Bob E.!

Bob E.

It opens the brokerage up to possible claims for E & O and state commission issues for license law violations.You being an agent are looked at now as being trained in contracts and have an advantage over a regular seller.

Sam, When I had an inspection by FHA on my 4plex in E Oakland, they pointed out every little thing.