With rates coming down should help some sellers off load over priced properties and will help buyers get aggressive with good class A and B locations.

However, they didn't insulate that building well so in winter residents consistently get heating bills over $200/mo. 

It would be terrible to lose the home you worked so hard for over a mistake. 

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

Yes BofA is all over the country but if you go to your local branch it's pretty likely that loan officer and/or office wouldn't be licensed to operate in another state. 

I feel like those lists are sold and resold numerous times over and over again for the same data.

Is it true if I rent it out on Airbnb for at least 2 days before the 100 days are over, I should already be grandfathered in?

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

My idea is to put 20% down on a $1 million property, with the remaining $800,000 paid off over 8–10 years, depending on how much yearly income the seller would want.I’ve seen a lot of discussions about using seller financing for investment properties, but not much when it comes to primary residences.

You are way too over leveraged."