Outside of that, they shouldn't count towards your 10 mortgage limit but doing one commercial loan per property is terribly inefficient and doesn't cover up what you're doing very well. 

If you decided to buy her out, then you would count the buyout amount as part of your basis and that would negate any deferred capital gains for you related to her portion.

The lender has both my current mortgage (as it's not under contract to be rented, since im living there) and then the future mortgage counting against me. 

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.