If you're afraid of the bank finding out when the title transfers - there is one method that is unique- but I know will work ( I recently did it myself for another reason - with existing tenants).

How has employment and population grown in this area,  What could this house rent for?

IMHO it is much better to find the employer's phone number online then call and ask for the HR Dept.  

Hi, I am just starting to look in to real estate as something to invest in outside of my current employment.  

In the mean while, I'm saving my regular income which I would have been using to pay my regular monthly expenses.So by the time I go to buy the home I'll have enough "saved" to cover my DP and reserve requirements, I'll have used up all the funds from the personal loan and I'll have about $24k remaining balance on my personal loan (which I'll pay off with my reserves after closing on the home).Does this reasoning make sense to any of you lenders and would it be an accepted method of showing proof of funds?

The ability to pay is dependent upon the target tenant pool for the property remaining employed at similar wages.

Don't touch it and finance deals using a different method?

What other methods/ways you think I should use to get a better deal?

If you aren't sure you can be disciplined enough to move the increase net you'll receive in doing so, into your savings account, then arrange for it as a direct deposit (from your employer) or automatic transfer (with your bank).On another note, you're subject line was too enticing to resist, so...FHA, MULTI-UNIT PROPERTY, AND A LOW CREDIT SCORE walk into a bar… LCS is head over heels with MUP, so when MUP nods toward the bar, and asks LCS, what she’s drinking, LCS is tickled pink and responds that she’ll have a cup of humility and promptly consumes it.

Basically 1099s are used to report when you aren't paying payroll tax, but are "employing" someone.Hope that helps.