I just logged in to my wellsfargo to view my rental property escrow activity and my insurance has gone up from $800 last year to $950!

Because I'm young (20) and mobile, I will view my first few homes as investments.

I was simply saying it is view differently and will be treated differently and that farming is a bad example as there is still income averaging in farming.

There are legal issues with these arrangements and generally are not viewed as a business strategy and you may be limited by zonning issues and local ordinaces.I'd suggest you do more reading here and see the issues involved with landlording and property ownership.

In other words, if you have a considerable amount of liquid assets, a lender will view you more favorably as a borrower regardless of your income situation / source.I'm local to Houston, TX and please let us know if we can ever be of further assistance!

I'm gona view the house sunday coming.

Sadly we are starting to see 'Amateur Hour Rehabs' that went way over price & are not finished &/or poorly done then abandoned or being sold 'as is'.The rehab gone wrong on one we viewed would have been too expensive to re-do.

Condo living was great and the view from my apartment on the 29th floor in Downtown Miami was amazing, but I’m looking for a house with a nice yard, something I can put sweat equity in and grow old appreciating.

Prudent lending practices, not just secondary market guidelines, require lease-options with rent credits allowed to be viewed in light of fair market rents being assessed and only amounts paid in excess of fair market rents be credited for financing purposes.While you can agree to rents of $500 per month and credit say $200 toward the purchase, lenders won't accept the credit unless the fair market rents is assessed at $300 a month or less.So, what you have with agreements drafted in such a manner are two parties who agree to a credit thinking that $200 is being credited, say for 24 months allowing $4,800 toward the purchase price of say a $50,000 house.

I don’t blame them a bit and view this as nothing more than a cost of doing business.