February 15, 2011
Turning a Principal residence into a Rental and using the Rental income $
Buyers Converting Their Principal Residence Into A Rental /Purchasing Another Home A homebuyer who is moving out of his/her present principal residence but plans to rent the home out and use the rental income (future) to qualify for their new house got a nasty shock in late 2008 when Fannie, Freddie and HUD changed the rules . . .those rules……