The seller however does not have any documentation to show he made any reasonable efforts to evaluate the borrower ability to pay the loan.

Now you need to figure out how to find deals and pay for them.

Pay to separately meter the utility.

You would need to document your hours along with the hours of anyone else.Do you plan to pay this 'co-host'.If you list that as an expense on the return it would likely turn as a flag in the event that you get audited.Best of luck.

Typically those lenders pay more and are better to deal with less hassles.

It is the funding that I am lacking.I feel that I am in a stalemate and the only way to purchase my first rental property is to generate more income than I am right now to get to the point of being able to pay the downpayment.Thank you all for reading this post and I appreciate any responses and advice.

Realized it would probably be cheaper on a monthly basis to have a mortgage there rather than pay rent for another year.

., pay off their existing loan, closing costs, and/ or put some cash in their pocket, etc)There are 2 "legs" of the transaction.

Most multi family is on one furnace/boiler and the landlord pays the heat.

Unless maybe because he has those funds in his business account it’s considered an asset on his PFS until he has to pay it back?