I've heard stories in the past of other industry employees getting rejected and having to find private lenders etc, however, that was 2015-2018...and now in 2020 the industry is steamrolling forward in rapid growth, so more and more cannabis industry workers on W2 must be applying for home loans, especially out in CO. 

I would then apply this % to your purchase price.

If the roommate cannot qualify on their own then they need to find a new roommate and everyone must apply. 

It also applies if the spouses establish a separate entity such as a limited liability company (LLC).In community state, husband/wife LLC can own Primary residence and elect to be classified as DE, and qualify for section 121

If I wanted to build an owner occupied 4-plex on land which I could subdivide and build multiple units (4-plexes) would I be able to live in a unit for 1-2 years, refinance to a conventional loan, and apply for another FHA loan with 3.5% down to build a second 4-Plex to live in for another year or two?

i love how you applied the same principles to the math but used smaller numbers, that's great for any newbie.  

To the OP, it may not apply in your situation but for anyone reading who has turned a primary residence into a rental property as I did, I have been able to use my former neighbors for things like taking possession of keys.

You may charge for damages caused by the animal, but since it is not a 'pet', a pet addendum doesn't apply.

If I were to purchase a home as a primary residence and live in it for only about a year or two, would I apply the 1% rule to the original amount I purchased the house for or the amount left on the mortgage?

Hi @Travis Evenson, you can have the bank use the rent income from a property you're interested in to apply to your "income," this will lower the debt to income.