A/C is not required in Texas as well. 

Thanks @Nathan Gesner I admit is seems odd that we couldn't require a SS#. 

Do have an idea of your preferred acquisition price and how much rehab might be required? 

There is nothing about how long you need to occupy the property for.So unless our lender puts a demand on us I see no problems legally in occupying each property for any amount of time to fulfill the requirement, then rinse and repeating this process up to our full entitlements, so long as the lender is willing to keep giving us loans.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

My suggestion is to simply file the BOI requirement.

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.

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Hi Thu, I have not purchased any properties that require permitting yet.

Even if we have no income there any longer, we have to file so they know we have not sold our new 1031 properties, as required by the state.