Self employed - Is it possile for us to buy another home and rent our current home?We are steadily self employed, have been for three years. Last year our income was 70,000, this year it will be around 80,000 (net income). We are currently still underwater by 40,000 on our current home that we are living in. We want to keep this home and rent it out, and buy another one to fix up and live in. We've got about 25,000 in savings and have excellent credit. Is this possible? What can we do to increase our odds?February 05 2014 - Bremerton00YesReport 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.