If you've got some other documentation to demonstrate your intent (conversations with professionals, a rental listing, past history etc) again, time for a chat with your cpa for their okey dokey.   

Based on past experience here ;-)

I had looked into it in the past and there was a time period that needed to pass as well as an equity position beyond 20% that the mortgage company wanted me to have reached (I believe it was 25%) for PMI to drop.

I've always had 2 jobs or more in the past 2 years .

I never made it past my freshman year of high school.

A friend and I have both been reading BP and listening to the podcasts for the past 6 months or so.

I currently live in Denver, Colorado and have lived here for the past 8 years.

We spent the past couple of months fixing it up and just put it online for rent.

My recommendation is to exhaust your 10 residential mortgages then once you get past that start buying commercial properties using an LLC to take title.

I have been looking at interest rate hikes in the past and the last four of them did not lead to a loss in property values.