If a deal makes it to eblast status its a dog, plain and simple in my world.

My question is if I'm paying cash, does the owner occupant status still apply to me?

The purpose of an owner occupant loan is to allow you to purchase a property that you make your primary residence -- you live there, you get your mail there, you're registered to vote there, etc.While you might get away with it, here are some things to consider:- You have another lease, so you'd have to explain why you had 11 months left on a lease and then bought a primary residence;- It's an unfinished area, nobody is likely to believe you live there vs an apartment you also have control of;- You've posted in a public Internet forum, presumably with your real name, that you're considering breaking the law.Then there are the code violations of pretending your living in an unzoned space, which may or may not impact your loan status.

Without a full-time regular job, we need to buy health/dental/vision insurance for ourselves.

You aren't responsible for anyone falling regardless of age or health conditions if you are not negligent in keeping your building safe, that is reasonably safe, not customized for any disability.One thing that elderly folks seem to like to do is complain about getting old on one hand and how self sufficient they are on the other.

In order to build credit you would need legal status in US (working, student visa...) in order to obtain SS#.

The type of loan has no bearing on the status of the lender but rather is viewed as to the purpose of the loan.

If you qualify as a real estate professional and you pay your own health insurance premiums - are they tax deductible?

This includes who makes the final decision on the applicant's status as well as the minimal acceptable rental criteria for a property and what is disclosed to the owner.

this status quo has existed 5 years.