2 properties under contract- D/I question with future leases

[Rian Ash]

Hi Underwriting experts,

Here is the situation I am in,

I got in contract for 2 properties yesterday. The plan was to go with only 1, but they both are attractive. They both will be investment properties and I will have rental leases for them setup before the close.

To pass the D/I threshold, the underwriters need to consider rental leases from  these properties. I know the underwriters can consider future income as long as the lease is in place. But what happens when you have 2 properties going through the underwriting at the same time.

1) Will they give clearance on both the properties together and consider the future income or

2) The will look at properties individually. What that means is that they look at property A, consider its (future) rental income and don't consider income for B, since it is a future. Essentially consider debt from both but lease income from one.

Let me know if anyone has any experience with this situation. 

Thanks,

Rian