But if I take out a withdrawal from the rollover investment that I have now, it may be taxed and a penalty of 10% may be applied right away I am afraid especially as it won't count as a principal residence. 

Count me in!

@Gabe Amedee I’m having difficulty with the rsvp, however you can count me in.

Since you are apparently looking to resale quickly, this could be a major issue....which is what he is counting on.  

Going to be hard with no income, or if you cant use your rental income to count. 

I won't use the Auction sites...the truth is that it's just another way of marketing but one that counts on the premise of "everyone wants what everyone else wants" - and running the price up with folks who get carried away with the bidding. 

Can bank count potential rental income on property if there is no tenant in place.

@Stephen Counts nice work!

Please I'm counting on a very straight answer, in order to analyze if I have a case, or if I am just transferring responsibilities to others...I really don't know where I am standing in this case.Here what happens:On the sale of my rental property, I have trusted my selling agent, signing a HUD without making any math at the closing date. 

So make sure you understand any minimum rental history requirement.Another great scenario is with a 2nd property sometimes a lender can count the pontential rental income (or a percentage of it )that the property produces.