Most of the time, lenders will only qualify a percentage of the rent towards your DTI.

Once the rent(s) are deposited by Cozy you log into your online banking and transfer the money from the account Cozy has access to to your second checking/savings account. 

I am an engineer with a full time job, but plan on continuing to purchase rent ready properties to slowly build wealth.

I am not someone that condones, or ever believes that someone should buy a property with a rent to own contract, unless they have the credit and financial ability to buy the property when they sign the agreement.  

If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?

I normally purchase very cheap homes, remodel, refinance and rent.

Renting by the rooms and having other people pay the mortgage.

Which would mean that all of my clients funds go into my bank account and I would pay them their net payout (rent less my Mgmt fee, cleaning fee, maintenance costs, taxes) at the end of the month instead of them paying me my Mgmt fee.

Is your plan to rent by the room?

We live in one side and rent the other to a nice family with kids so our daughter also has friends to grow up with.