Her and her bf plan on converting a section of the house to an attached ADU to help with bringing in some cash flow and renting out the other bedrooms to some friends of theirs. 

A childhood friend of mine owns a place on Haggin that she inherited from her grandmother.

I am wondering what the work around is to purchase properties without it counting towards my DTI.

What’s the purchase price and rental comps ?

Purchase price was like 75K.....after the replat it became worth 200K+........definitely caught my eye

I purchased a house in September 2022 with the intention of staying a year then moving onto the next.

They have several types of policies especially for investors that plan to purchase as is and renovate. 

We're both on board with the idea now - my question is around how to make the purchase and structure the agreement...we both want to go in 50/50 towards a conventional loan and then have it managed by a property manager. 

Let me know if need more.Location: Secaucus NJ2 bed 2 bath with balcony on high floor. 1396 sf.Paid $284k with 20% down and approximately $13k in closing, including 2 months maintenance fees $1470 total, and mortgage broker fees approx $3k.

Investigate government programs such as HUD, USDA, and FHA loans, select investment techniques such as house hacking, turnkey homes, or purchase and hold, and assess properties using tools such as Grants.gov, HUD.gov, and BiggerPockets.Good luck!