That is really a question you should ask your accountant or your lender. Jon Miller of Academy Morfgage may be able to help you with that. Also, I happen to work with an investor who does what is called a "Rent To Own" program. You sign a purchase contract that gives you 3 years to actually get a loan on the home that you "rent" in the ensuing 3 years. The home is considered yours - if you want to paint, you do! It is a great program. If you would like more information, give me a call at 480-250-1470 and we can talk about it.