The minimum time that lenders like to see you living in a primary residence is at least 12 months (although there are exceptions to this rule on the grounds of “life altering events”). 

Quote from @Catherine Sanchez: Do Not Call Rule #10: https://www.ftc.gov/business-guidance/resources/qa-telemarke...If the individual contacts you first, they have established a business relationship.

I own a property literally on the Fannin / Union line in Morganton (on the Union side) so we now have some new rules we have to follow and they are restricting th number of STR permits in the county Thank you for sharing Neil.

They can get you pointed in the right direction as far as business licensing, insurance, drug testing, rules and regulations, etc.

The general rule of thumb is- no inquiries, you are at least 10% too high.

Make sure your lease stipulates its a "shared property" and list all the rules to make sure they toe the line, garbage, one vehicle(where parked), noise, no personal items in yard, everything you can think of or choose/whatever.

The rule of thumb is this one selling anything: get it out to as many people as possible.

As a Banker my advice is to always have several conversations prior to and be very transparent with your Banker or Loan officer.You can use real estate to position yourself into a better or bigger home buts is like chess there are rules and you have to know in advance your next few moves. 

Obviously, rents are very cheap there, but it seems I can find MLS listings that match or come close to the 2% rule.

If you don't know about the FEMA 50% Rule, please look into before you buy and try to rehab a home in a flood zone.