Just seems like it is harder to deny a person then a faceless investor.

Sorry, application denied.

Brian and Denis nailed it.

You stated that you expect to be laid off in a few weeks so chances are that the UW will catch this and deny your loan in the last minute and you will be out $1000-$2000 plus time.

Unless you have a LOT of it, some lenders will deny your loan as an investment/cashout at a score of 650.

OH when did the last tenant leave you not sure why they ask and you say JUne.. its oct. you have a claim.. house vacant 60 days.. claim denied. turn over and vacancy kill the rental business as you no doubt learned on this one. it will take you years to earn back what you just lost in that vacancy.. if the market gets flooded with rentals.. it came be a very tough place to make it work long term.  

When you get to the page there are only a few options, deny or accept.

They may deny it, but that would be in a audit and I'd make sure that my deductions (as with any questionable area) wouldn't cause a change in my return to trigger any significant issues with taxes and penalties.

I am not an expert it's just what I have done and have been both denied and approved.

Do you deny that you're selling people an idea that they can get $42,000 homes, for $4000 down, then resell them for $106,000 with only 18k in repairs?