You can also have your father or family to help co-sign as well if you need to show more income.

I'm currently in college and have around 400k to 500k in cash but no income.

This has allowed me to build not just my real estate business but also a home services business which has really taken off and provides additional income streams for me between my flip/develoment  paydays.

Who's going to claim the 1098 interest from the mortgage on their income taxes?

The house looked in good condition and I knew this area is up in coming and I will be able to take advantage of the new ARV.

It is his primary source of income (held in an LLC) but is paid off and he's considering selling or pulling money out for a down payment towards a new primary purchase.

The city has no guarantee the buyer will do either of those things hence they sit on the funds.Your sale of the property means nothing to the city.

It I were the lender I might keep the duplex and operate it as an income property.

This second property also produced an income equal to a months rental.So it depends on the ARV, the rent/building value ratio, down payments and how much the mortgage are.

Right now we have 2 units that are vacant, ready, and being marketed, and with the 'asking rent' reductions we just did to try to fill them faster (it's offseason for leasing), the estimated market value of the building based on net operating income is now $1,542,500.