We establish Lines of Credit for our Auction Buyer Investors...our line amounts are based on collateralization of equity positions in existing hard assets they own and/or verified liquid funds they have. 

If so, they might be able to base your loan on that income.But, even if you can't get a home loan now, you can always rent for one year and try again, once your rental and business income is more established and has a history.Sounds like an exciting plan, however you slice it, and I wish you luck and success!

If the rules are reasonable, I think we will see several new portals pop up quickly, and hopefully the established platforms will adapt quickly to the new changes.  

The most of which is I need to find the right CPA for me to establish this business.

It also establishes a commitment from you as a buyer.

Additionally, the entity must be established where you are doing business.

@Joe Conklin  your talking about an FHA loan that requires owner occ.you may rent it and move if you can establish that this happened ...

Once that figure is established then one subtract following costs: 1.Sale Cost (Commission and escrow)2.Carrying cost (Loan cost)3.Fix up cost4.Desired Profit5.Purchase escrow costAfter one deducts all the above costs from the projected sale price one ends up with recommended purchase price.You can call me if you have any other questions.Good luck,George

If it is the tenant's responsibility and they don't keep it in check, then have a clause that allows you to have it done at their expense.Also, establish clear expectations in the rental agreement about noise, illegal activities, parking, etc.

"The veteran must have a history of continuous resident in the community and there must be no indication that the veteran has established, intends to establish, or may be required to establish, a principal residence elsewhere" VA Pamphlet 26-7, Revised Chapter 3 Section 5.h     In order to clarify this with the lender, I established that I attended the University of Florida from 2007-2010, '10-'12 I went to training and deployed but maintained residence in Gainesville.