In NC, how long does it take for income from a rental prop to be considered income instead of debt?I am in the process of taking over the rights to a house in NC to use as a rental property. The current owner is going to continue to hold the mortgage while i collect the rent. The rent will go to the current owner to pay the mortgage and i will keep the additional income each month. How long do i have to show that this house will be an income and not an additional debt if i apply for the mortgage in my name?March 01 2011 - Raleigh00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.