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Updated almost 17 years ago,
Owner Occupied Financing
I have a question about owner-occupied financing. If I buy a house with owner-occupied financing, how long should I live in it before I start renting it out without raising any red flags?
My plan is to buy a home to live in for 3-12 months rent it out obtain owner occupied financing on a 2nd home live in it for 3-12 months rent it out, look for a 3rd home and do the same thing again and again.
What challenges do I face obtaining a multiple owner-occupied financing in a short period of time and how I can I overcome them?