He doesn't have many marketable skills, but is able bodied.

There are fewer people who qualify to rent your house because you rely on credit checks and I do not.I lower my rental price to $850 per month and my property remains occupied.

I WOULD qualify, if they counted the $25,000-30,000 rental income the house produces, but I have heard from two companies they will not count rental income for owner occupant loans.Is this standard Fannie regulation?

Banks will make more loans; Hell I loan now at 1%, but just like banks nobody qualifies.

Hi, I would like to know if the following scenario, which is related to this forum post, would qualify for 1031 Exchange?

I already qualified for a convention loan, but that was a couple months ago when I had a steady salary and I'm assuming they are going to ask for current pay stubs before closing.

The buyers agent, qualified the buyer before they made an offer and worked with them on financing, closings etc.

Phil Z Fix and Flips do not qualify for 1031 Exchange treatment.

Typically, landlords will require that income required for rental qualifying to be a monthly household gross income of 3 times the monthly rent.

If you can find a 3 or 4 unit multi where you can qualify for and afford the 3.5% down, you could actually be putting a some money in your pocket every month.Hopefully this is enough to give you an idea of what you need to properly assess this deal.NOTE: This is a formula only.