We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

@Marv Edelstein Congrats on making the move to multifamily!

(moved here in 2019)

One side moved out and the unit has been vacant for 6 months. 

Move on to a different tenant. 

I know of the property and the owner's issues so this was an easy move for me.

My neighbor needs to sell and doesn't want to move.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track and was completed without delays.

Hi everyone, I inherited a tenant when I purchased a property 6 years ago and this tenant moved out.

Our intention was to also finance the renovations, ensuring the project could move forward smoothly.