I think its just plain foolish to buy a house knowing you will have to move in a few years, unless you can do something to force value into the house (e.g., buy a junker and fix it while you live there) or your employer is covering your sales costs.This: "obtain interest deduction" I just don't get.

In fact, it should be the exact same lease as you would use with a plain vanilla rental.

I agree, 100% finance is just plain silly to think you can get it.

Plain and simple.

That is just plain stupidity buying rehabs without numbers.

Fast forward a few years later, she had to move her sick husband to a nursing home in north fl and decided to stay close to him.

Your arguments to the contrary, or soft back pedaling, make you look inexperienced, unknowledgeable and just plain ridiculous.The reason private lenders do not want to lend on owner occupied homes is that those loans must comply with the SAFE act, resulting in burdensome regulations, increased costs, and greatly increased risks of litigation.

I cant stand Uncle S either and it makes me sick writing him checks so he can piss it away, but it is a fact of life living here in the US.

Here is a recent one I found.http://www.biggerpockets.com/forums/12/topics/81783-debate-on-a-realtor-licenseI am a licensed agent, got mine when I was sick of waiting on agents and losing deals.

They may probably have been sick and eventually died.