What's the point of screening and vetting tenants if they can just slip in once their family qualifies?

shareid=00f26c148However you did qualify it by saying "ethical and honest".  

@Det Zabat I can assist you in locating a qualified agent in your area are you still looking?

Also, I am concerned about the VRLTA which was amended a couple years ago to reduce the qualifying term from 10 properties to 3.  

If the home is being appraised as LTV should be post construction, if you are looking for a renovation loanI know this is probably not the exact answer you were seeking, but I think it should help broaden your play and help drill down the lender through a simple process of elimination, based on very specific qualifiers you define as it pertains to your specific strategy.

You would pay the same taxes I do because it's an investment property so we do not qualify for the standard $25,000 homestead exemption.

Not sure that I will qualify using Tax Returns due to high debt to income/and real estate investments.Asset backed loans (no income verification) are 5-6%, a little higher than I would like.  

Not sure that I will qualify using Tax Returns due to high debt to income/and real estate investments.Asset backed loans (no income verification) are 5-6%, a little higher than I would like.

In two years time, you would have rental income to show for multi-family, and that would help you qualify for a conventional mortgage.Could you partner with someone locally to go in on a multi-family together, reducing your expenses together and building equity.Could you find a smaller property locally to buy and live in, start building your equity and net worth while saving cash for the next place? 

Since I was in Texas and I planned on staying there I looked into taking a broker test and I found out that I was qualified and I got a license without taking anything extra.