anything you pay above the monthly mortgage payment goes directly towards reducing your principal balance (the amount left on the mortgage).Even if you have cruddy credit, you can apply for a mortgage, you'll just get a high interest rate. 

The FHA says that you have to screen all prospective tenants equally, and apply your criteria equally.

LLC formation: and get Employment Identification Number (EIN) and then apply for ITNS.

You could consider taking a second job for a few months and then applying for a mortgage. 

The last 3 scores were provided to me by Wells Fargo when I applied for a conventional mortgage two weeks ago.  

It's usually best to do your research on lenders before you apply and ask them up front if there's anything they do NOT allow the money to be used for, and then apply with the lender that best suits your individual needs.

Personally, I’m not surprised because many families simply bought more house than they were ever going to be able to pay for, no matter how highly they were rated by mortgage calculators when they originally applied for a mortgage.

So if a trading company can prepare taxes for "profit" based on total of what they sell vs. cost (what they paid for the goods), can we apply the same for a R.E.

Instead, I was able to live in a much nicer place because there is a limit to the rental market that does not seem to apply to owner occupied homes.

You can only allocate a couple % for this - the other regularly recurring expenses like roto rooting, regular tree trimming, asphalt sealing, etc can all be allocated as part of your diligence and be pretty firm year over year.