Don't skimp, however, or try to say you are living in the property, because if something happens, and you lied, your claim can be denied.

That gives you a stronger claim on the property than just a lease, and may (depending on your laws) force the landlord/seller to foreclose if you don't pay.

If there's a pattern of regular payment like in a 12-month period, that's good.

It's either that or I claim bankruptcy I guess.

I talked with several bankers to determine what would work best for my scenario.How did they estimate covering your motgage with your regular income?

A regular sale or even a REO could be renegotiated for a significant change like that.

Btw, this is contrary to my normal advice... but few claim to be able to make 1 or 2 DPs a year based on their job.

Also, since these properties will most likely be condos (making sure that the HOA covers the roof and exterior maintenance), do we need to get some sort of insurance outside of regular 'condominium insurance'?

You need to assess your exposures on a regular basis.....good luck.

Regular transactions are a bottom of the barrel law practice, so you run into lots of one lawyer office mediocrity.