I have heard rumors of having to prove renal income for 6 months or 1 year before your DTI changes? 

It is happening this week.But I saw this coming from rumors and I was interviewing already.I have a new offer letter already and will receive my first paycheck for the new job before our May 26th closing date.My new salary is the same.I know I need to disclose this to the mortgage loan officer.

(well except for you scammers I've heard rumors of). 

Hey guys, So I've heard this rumor that the goal in real estate is to actually make money.  

In this scenario you would have to go conventional since the loan amount is above he FHA loan limit for a 2 unit ($456k)So after 20% down ($120k) you would finance $480k - Your monthly P&I payment would be $2400 ($500 for every $100k financed with conventional, $575 per $100k financed for FHA)2014 taxes were $7800 when the property was assessed at $456k but the whole city got reassessed this year and the new valuation is $659k so your taxes will be $11,309 based on the current rate (it is increasing next year, we don't know for sure but rumor is it is 12% so assume $12,666) so $1055 a monthInsurance - assume about $200/moMonthly PITI = $3,655In the current condition I think $2000 a month is accurate.So with $4000 gross rental income less 3% vacancy, 3% capex, 2% water, 5% repair your looking at $3480 a month.  

So before anyone starts spreading rumors or bad things about the man, I'm a witness...he is for real!

First rumors and threats. 

Yes, Warren Park is next to our neighborhood (Preston Highlands North).Rumor has it, that he was looking at a Bass pro Shop type place.Mark

Rumor has it I'm not (and everybody else) are not welcome in San Francisco.

There were rumors of a "smart city" but as per my research, they were drummed up by the media to get everyone excited.