From the Subject Property The rent for a 2, 3, or 4-unit property, where the borrower resides in one or more units and charges rent to tenants of other units, may be used for qualifying purposes.The Mortgagee must verify and document the proposed Rental Income by obtaining an appraisal showing fair market rent (use Fannie Mae Form 1025/Freddie Mac Form 72, Small Residential Income Property Appraisal Report) and, if available, the prospective leases.Where the Borrower has a history of Rental Income from the subject since the previous tax filing, the Mortgagee must verify and document the existing Rental Income by obtaining the Borrower’s most recent tax returns, including Schedule E, from the previous two years.

My e-mail is in my profile

Originally posted by @Brent Coombs:Originally posted by @Ed E.

@Eric E.

Sorry, @Josh Stack and @Ryan E.. 

I've owned a duplex for a few years, and I have always just claimed the income and expenses associated with it on a schedule E.

A little dose of reality for those anxious to "get into the game".

As a licensed Property Manager for about 12 years, averaging 500 units managed, in spite of best efforts there has been occasion to encounter a less ...

For example, if there is an e-mail or text that takes about "here are the new house rules I also need you to sign". 

When he did send it over it wasn't even an E-Sign or DocuSign......I was out having dinner with friends and literally had to go to a Kinkos, print out a bunch of pages.....sign them......and then re-scan them back to him.

Analysis: of Deals and of Markets, People skills, Developing systems so you be more of an entrepreneur and not a technician (Read E-myth for this one)