Wanna purchase a 2,3, or 4 Unit property FHA... Not a Shot... At least not any more... If an Investor can't verify Income, doesn't matter if it's personal income, Non - owner income, and now...Rental Income... If it is not claimed on Tax Returns and verifiable thru a 4506T... your done! Believe it or not you can do a refi, but not a purchase... Proposed leases are not acceptable anymore.
Only way to use rental income is if it has been claimed by the borrower on their tax returns for the past 2 yrs now... (and this income is of course... verifiable thru a 4506T...
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