Some lenders may even count them towards reserves. 

@Davis BarnesAs long as you get a job in the same line of work as you went to college for, you r college history will count towards your work history.

@Sam GibertiFHA will count your college history towards your work history.

That would be defeating the ability for him to offset taxes and proceeds into a 1031 as he would have have realized the sale proceeds and consequences of the sale, but not the actual proceeds this year, but rather 3 years down the road.

However, when I came to submit my application without plans I was turned around and sent to get 6 copies of the plans on the "by right" unit count increase.

Default rates I like to look at - which also have continued to go down but I believe at last count there were still $400B in defaulted mortgages out there.

Rental income can be counted at 75% of lease agreement if too soon to be reflected on tax returns. 30 year fixed shouldn’t be a problem.

Don't know what kind of junk laminate you're talking about, but the laminate counters we've installed lasted over 15 years (and counting). 

A lot of their jobs are insurance work which drives up prices as well.From 2005 to 2014 you could count all the houses built on your fingers, so a lot of the trade labor moved away or switched to other occupations.

So buying power has decreased significantly for this program, but the 5% down is still available.FHA is still a strong tool especially if underwriters would start to count non-conforming units into the total unit count.