Primary Mortgage “Majority of the Year”

[Nick Long]

Hi all, I’ve searched and searched with no luck on this topic. I’d appreciate any feedback. I want to make sure everything that I do is above board and legal.

My wife and I just bought a small fixer upper with cash that’s a minute down the road from our home. I’d like to put a primary mortgage on it during renovation (once livable) to get the 12 month rental clock rolling.

I know that I must live in this house the “majority of the year”. My question is on the definition of that phrase. My wife and I are more than willing to change our address, license, etc and sleep in that house to satisfy this as we want to be truthful.

So, does “majority” of the year mean 6 months and 1 day? Then we’d move back into our current home, finish the reno, and rent after 12 months.

Thanks! Again, we want to follow the rules.