Also if I have a roommate agree to paying me monthly as well does that count towards my income?

That means that if you move some of the properties that you currently have a Fannie loan or any conventional loan on, over to the Sub S and go get a commercial or portfolio loan on it, even if you are required to sign as the guarantor, it will not count in the 10 financed property rule.

The income from the rental unit will also count towards the financing - giving the buyers a distinct advantage for their first purchase.If I were going to buy my first home again - this is what I would do!

On the other hand it is kind of lonely counting the money all by myself. ;)

It’ll be easier to get a HELOC while you live there but maybe count on a conservative appraisal.  

Every penny counts in this business.

But again, for a loan to flip the house needs to be in habitable condition, defeats the purpose of flip.

I can't count the number of times that I have diagnosed a user error as the cause of a maintenance request.

Usually after one year the banks will count your rental income against your DTI ratio. 

And you can't count on that neighborhood booming as quickly as some others -- it's close, but not right ON the Beltline  (what's the "tour route"?).