The issue is we both need to apply for the mortgage otherwise our D/I will not be enough to quality.

The "change of accounting method" procedure does not apply when you only missed 1 year of depreciation.6.

A special rule applies to students and business apprentices who are eligible for the benefits of Article 21(2) of the United States–India Income Tax Treaty.

@John CoonOr 50% rule?!

Since this is my first home purchase, and correct me if I'm wrong, I could apply for a FHA loan, which would come with a low interest rate, but I could also get a 203.

In NE Florida, jax, all auctions have gone online, 5% down, 95% rest is due noon the next business day, via cashiers check, bag of cash maybe..the big boy players store their 100% full cash with the court account already....ive also heard local escrow account will wire that morning too, which makes sense, .......Im interested in auctions, but until i am 100% all my own cash, i feel it is almost impossible to get a hard money lender to move 95% of the cash by noon the next day...no way.... to me, you can pretty much rule out using hard money all together to fund online auctions...they don't seem to go together.. it is 100% liquid own cash or private money ready to wire from escrow..

You might check out what the rules are on calling.

Let me explain:  if I can buy a $200,000 house from an owner who has a lot of equity - i might be able to negotiate terms of a $1000 a month with a purchase price of $195,000 - BUT the $1000 gets applied each month to the purchase price.  

I can get lower end SFH any day that could meet the 1% rule, but the equivalent duplexes and anything above that are a lot more expensive compared to their rental returns.

Which one applies?