In the lawsuit she was claiming now claiming to be my landlord - and she provided the courts with a blank unsigned rental agreement - another reason it was overturned:  my mother had given me full permission to live in her house rent free for two years after she died.

I own 2 rental properties, the first one is paid in cash and the second one i have a mortgage on it which i pay 464 in total including tax and insurance, trying to see how much i would qualify using only my rental income while i look for a job once moving there in ilhaving a hard time qualify for a loan since they cant use my job income that i have here in cali, been told that I need to move there first and work at least 1 month and then apply or I need a job offer letter. 

It's a total gut job but I believe it's priced accordingly - I'm going with a contractor today to get some numbers since the area it's in houses have sold for over double.

He can also refi down the road to lower his interest rate... but that comes at a fairly significant cost (say $3,000 - $5,000) - which will totally negate any mortgage pay down from owning the property in the first couple of years.  

Once you're comfortable with the total gross rent you can charge, multiply the total monthly rental income by .95.

Additionally, depending on your unique requirements and tastes, speaking with a local real estate agent might offer insightful advice.If you have more specific criteria or questions about any of these areas, feel free to share, and I can provide more targeted information. 

Ask your lender if they have a "free Refinance" program too after you add the value to the property.

Start with BiggerPockets Ultimate Beginners Guide (free).

This guest just wants a free stay.

Q3: I'd be happy to do a CMA and underwriting for free if you'd like to DM me the address so I can give you a more precise opinion.