Don't have to be on the deed even to declare it your homestead.It may be splitting hairs, and I may have been unclear in my initial post, but I believe homestead laws are designed in part to protect non-title holding spouses, so if the new wife moves into her husband's house he cannot sell or mortgage without the wife's consent nor can it be forced to be sold to pay involuntary creditors (as opposed to voluntary creditors such as mtg/DOT lenders). 

Here is an example of what can go wrong with a new wholesaler just like you... check out this crazy thread (it's worth reading the whole 8 pages here: https://www.biggerpockets.com/forums/93/topics/889922-i-got-... and here is the summary: brand new wholesaler got a "virtual wholesale" deal under contract in Mississippi from NYC.

It's a change but as you mentioned you don't want to down grade the property to a single family, but maintain the 2-family designation.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

.- Walmart has just opened up a brand new distribution center consisting of 2.6 million square feet, and provides more than 750 new jobs.Economic Information -The City of Mobile has seen extensive revitalization and tremendous economic growth:Business/Corporate Sector- Construction of a new Airbus jet assembly line at the Mobile Aeroplex at Brookley should move forward rapidly during the coming year.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

The highest performing short-term rentals have a design eye, their photographs weren't shot by an amateur's iPhone, and they offer more than one extra that others aren't (hot tub, sauna, views...).Create a differntiated Airbnb, and you'll outperform others ... be that first page or second or third.

Brian,I think this is a risky investment for a brand new investor.