Should I move out to establish home as rental?

[Jo Ballagh]

I need some more advice :)

I currently own my own home but am trying buy a 4 plex with FHA. I thought I was ready to pull the trigger but my offer looks like it may fall through.

Now I'm wondering: Should I move out and establish my home as a rental to give me a better debt:income ratio?

IfI move out, I can cash flow $300/mo. I wouldn't save or spend any more money by moving out but I could eventually count my rental income towards my current income for another offer (which may be quite a ways down the road)

Can any lenders offer some thoughts?

Thanks!