I pretty much could count on her staying and paying my mortgage for 4 years.  

From what I've seen so far the "vacant" properties are woefully inaccurate in terms of whether they're actually vacant and whom actually owns the property, after I cross referenced with the county.

, but I've got a great credit score and good income, so I would think that will count for something too.

@Bao Nguyen I feel I need to chime in on this one...Yes it can be done...I am getting very close myself to reaching my goal of financial independence after 2 years(not counting my first purchase).  

@Chris Haydis Congrats, I am holding my fingers crossed that everything works out as planned!

I agree with the statement that you should count For the 10 percent management fee regardless.

Hi all, I've been reading various places that banks have wildly different rules/rates for counting rental income as income in qualifying for a mortgage. 

It's obviously a fake name (Jack be nimble, Jack be quick, like the old nursery rhyme) and as you can see by his post count, the account was created specifically to leave this single cryptic review. 

You may be able to use that additional equity as cross collateralization. meaning the equity of this property and the equity on another property you buy are both used as collateral for the new loan. but even then they are not going to give you 100% of the value of your equity in the current property.

And frankly, I don't have the time to put that together right now, with working FT and investing too.I have done a lot of networking and feel like I have a good team that I can count on locally, and this has led to finding some deals here that just didn't seem possible.