We were hoping for $1400-$1500(mortgage payment for us is $1280), and they have to pass the usual 3x rent combined income, full credit and background check (we will use rentprep.com), employment verification, etc.

Hi BPs.  I hope you will forgive me if I'm in the wrong forum but this is only my second post.  I have mortgages on 4 properties, all of which are in my name.  I've had these properties for 6-8 years.  But I want to e...

Then, do you stick to SD or buy elsewhere.https://www.biggerpockets.com/renewsblog/2015/11/1...Sorry to article-bombard, especially since none of them hit your situation specifically, but I feel like combining ideas from all of them will lend their hand to making a decision.Hope that helps!

Applicants A: Income is a combination of SSI, Foster Care, Adoption stipend, Musician, and Beautician. 

@Ian Russell, I would suggest that you consider another, perhaps more complicated, idea: a combination Section 121 exclusion (generally for a residence lived in for two of the last five years) and a 1031 exchange for the remainder of the gain.

The search function is super helpful.

Combine that with the changes in down payment and depending on paying points/not paying points, the rate change seems fair.

I also tend to agree that in general, the combination of city wage tax and property taxes are outweighed by property taxes in DelCo.

This is more a function of contractors/crews than money.2.  

They have a combination of in person and online training.