Owner Occupied Home Advice Please

[Jeff Castro]

Hello BP,

I currently have a SFH that I am using for short term rentals. I want to buy a 2nd owner occupied home, live there for a year and then turn it into a short term rental.

Question is about the financing on the 2nd home. I've spoke with one lender and he says they do factor in 75% of rental income but it would need to be a long term rental with a lease agreement. 

Have you guys found this to be true? Are there any lenders out there that can factor income from STR?

Any help is appreciated.