Ahmed--awesome post and well thought out responses.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).

But it's early yet and we await Marco Response for more clarity on the situation.

Mike, thank you so much for the response!  

At some point, even the worst carpenter stops hitting his thumb on purpose, so he can experience how much better it feels when he stops.Frankly I'm glad guys like you choose to invest where you do instead of adding yet more competition to where I invest.

I appreciate your response.

Thank you Tim, Sorry for the late response 

Thanks, I will try not to "condense" my responses in the future. 

That money is there for a different (long term) purpose... and if you are pulling it out to not return it you are going to pay a penalty, which isn't financially smart.Odds are you have a great rate on your current house if you bought it during cheaper times... so giving up a great interest rate doesn't make sense either on selling your house and renting.