You don't have an option period, no financing contingency or appraisal contingency.

So you would need to look into is losing about $700 a month is worth it and can you deal with that for a period of time.

Hi @Charwak Gummalla,Most Lenders have a 3 or 6-month seasoning period so depending on how you purchased the property you should be ok.

You can do a requested search and pay the exchange fee, normally $219, and it will search an area for a precise time period and it will alert you when they find one and you can accept that resort or not.  

Lesson from Radiant Young Adults night in Tampa – "Staying Power"Last Thursday's session reminded me:- Stay consistent- Play the long game- Consistency always beats periodic bursts of intensity- Consistency might feel “boring,” but that’s where growth happensStay the course!

Legally (most states), a 30-day Notice MUST cover at least one rental payment period.

And one of the things I've been told is that there is no seasoning for refinancing which contradicts what you said about the two year period.

Make sure to review your current lease or local laws as they may list a different renewal notice period. 

I sent over an amendment to extend close for Oct 28.I guess the seller and the listing agent had some sort of dispute and seller ended up firing the agent in the middle of my option period! 

Yes you can definitely qualify for the STR loophole if you materially participate and keep the average rental period at 7 days or less.