Hello there, friends - I'm interested in getting licensed as a Mortgage Loan Officer, but I'd love to run a few questions by someone (or multiple folks) who already have boots on the ground in the industry to get some firsthand perspective before I pull the trigger.

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd househack, you can use conventional and the rules that I mentioned above will not be a concern.

The answer question 1, although they likely won't exercise it, they could technically trigger the due on sale clause and force a payoff if you transfer and question 2, Yes...you will have credit pulls regardless of the loan direction with few exceptions.

I'm glad I decided not to pull the trigger on one of them when I found out they were just business credit cards and not a true line of credit.

The harsh reality is that the current RE Brokerage model is dead.

The depreciable basis would generally include the purchase price you paid for the property.The change in ownership might trigger certain tax consequences or impact the property's eligibility for certain tax breaks.

It's part of what got us to pull the trigger on buying our first rental property and furnishing in a way that would work specifically for families that were in our situation.  

Would this move trigger a change in taxable amount?

I live nestled in a high tech area with friends who work in data security and its a common question/concern so it doesn't trigger undue alarm.Good argument for a bonded/insured PM in providing a layer of protection for both tenant and landlord

We also didn't know if a "due-on-sale" clause could be triggered.