(I dont count on that).

My assumptions were that on our 1040 somehow I would show that our home is the primary place of business and every trip we made to the unit counted for mileage expense.

I called, left a message, emailed - no responses.They were responsible to oversaw my property but when things happened - you can't count on them.I don't think I would do long distance investment without knowing the city really well.    

He bought FHA about 4 years ago and turned it in twenty units and counting.

Then I would not count on the extra living space in a future sale if the system couldn't support the extra bedroom.

You being licensed, you already have something that may add-value to the partnership.Also, it’s not that your income doesn’t count, however usually lenders want to see a certain amount of time, like 2 years or so, before they consider anything.

UUUGGGH, I was JUST about to fill in the application, as I was counting on this for a down payment on a great 2 family property we just made an offer on. 

Never count simply on mortggae pay down as a plus, it can vanisk in a heart beat with a turn in th emarkets.

You get to immediately count the rents coming from the other units which helps you qualify for such a large purchase price.If you need a referral in your area, let me know, I have people near you that can get this done for you.   

.- my only recurring debt at this point, not counting my mortgage, is my car, @ 614 per month.