Lender/underwriters will allow you to use 75% of the rental income to qualify (ie. if you have $1,000 in proposed monthly rent (or signed lease agreement) the lender will allow $750 as qualifying income on the proposed property).

I have a basic lease agreement with no force majeur. the house is only 500 sq ft so most likely have to move out. 2.

Since it was a friend agreement I used his insurance vendor and lease agreement - would definitely do my own homework first.

@Gabriellee Raney when you find a property that all the numbers work for you and the seller you get it under contract (have seller sign agreement).

My comment to them is that I am happy to draft the offer up on their behalf, however, with a written agreement with the Seller my responsibility is first and foremost to my seller.

@Sarp Ka I believe the best way to do this would be to stay off title and have a separate operating agreement with this partner, though I am not a lender and this is not lending advice.

From what I understand, as long as I have a good purchase agreement, that would be the biggest issue.  

My current tenants at my Townhouse have been on a 1 year lease agreement pending a home build of their own that they plan on having finished by the beginning of March of this year.

Also did anyone have any standard leasing agreements for long term tenants? 

I ended up getting my aunt to cosign with me and just need a simple agreement between us but not sure how to make it or what exactly to do.Here are the simple terms below:- We are splitting equity 75me/25her until I refinance and own it 100%.- I am putting up all the money, she is a passive investor.- I guarantee a cash out refi in 5 years at the latest and I guarantee her a $10,000 minimum return at the end of the 5 years.Any help is much appreciated!