What do I do, I do not have a house to sell him, and i am so excited any seasoned investors out there to grant me the advice I need to do my first deal. 

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter. 

I would want to see years of tenant seasoning paying on time with the stated rents.

Keep in mind that if lenders offer cash-out refinances after 12 months seasoning (some do 6 months), you can use the Lending Club funds for acquisition to snatch a great deal, then refinance out into better rates later.

I'm flipping in Bend, OR and I encounter this problem every season.

Just like buying new note payments the tenant history isn't seasoned well yet.

@Richard Mann , what do you mean by "seasoning?"

I own a ground maintenance company and with it's seasonality it allows for a whole winter season to research new real estate deals.Hope this helps in some way.

Maybe it's the season thing.As far as the tax, I think sometime the benefit is also a bit over rated.

It is normal for a house to slightly "shift" during season changes around here, but I don't think things like that are making our insurance rates dramatically more.