Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

I have been studying and I am looking to do my first deal.Regards, Rui

They eventually sold their business to another company and things were fine after that.All the others were easy.If you are going to switch, you might want to try that after a resident moves out.  

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

I think it’s a more recent consideration (maybe in the past decade or so based on my digging / anecdotal feedback) and perhaps some of you that have been in the business longer and simply renewing old policies may be getting a pass.  

If the state matters, I'm interested in Connecticut90% of our clients is OOS investors and our business process is tailor-made for them.

Regarding finding discounted deals......That is the reason why I started a wholesaling business. 

The majority of the business I do is buying small multi families and identifying the towns that are more favorable for investing. 

I would be leveraging my relationship with my family member to wholesale the property for experience and getting them for investment in my real estate business while my family member gets rid of a property, hassle free, while getting paid.

My buddy and I have been finding wholesale deals and are in the process of starting a new wholesaling business.