The underwriter should favorably consider a borrower for a mortgage if he/she changes jobs frequently within the same line of work, but continues to advance in income or benefits.

It's pretty common but does make your offer less favorable.

Hi I am looking to buy a SFR in Seattle area that is in bad shape for me to fix and add equity to.

They're pretty strongly biased in favor of the tenant.I don't know the first thing about MI or NJ, but the forums should help.

We have approximately 120k in equity in the home.

There is no money spent on this process if everything works out perfectly in your favor.

You'll notice as you go South and you research Red States laws are more in favor for Landlords and Property Taxes are more manageable..  

Choose to politely defer and renegotiate with the 70% owner and let them negotiate for you with the big buyer (this might work in your favor if the purchase is somehow linked to a certain number of units coming with the 70%.3.

In case it matters  the property in question has about 50% equity.

You might also want to throw in a sweetener based on a percentage of the equity in the property if it has appreciated in value.