@Dylan S. seek advise of a CPA, but form an LLC and get a S-corp designation. 

I don't know how you look at fraud, but If I am a licensed LO and I know that the client is looking to buy this as a primary, but am advising him to lease it out for a year and hopefully refinance into a primary residence loan, that seems pretty fraudulent to me.

I only advise going direct if you have a large portfolio or do similar acquisitions and your lender already knows your profile.

Consult a Professional: Given the complexity and variability of these regulations, it is advisable to consult with a real estate attorney or a professional specializing in mortgage notes to ensure compliance with all applicable laws.For detailed and accurate information, please contact your state’s regulatory authority and seek professional advice.

My best advise is to make sure your team has an acquisition specialist that knows the areas and which ones produce the best cash flow.

There is about a dozen places I strongly advise against in NJ.

Nhi,I would advise quickly quoting and pulling the trigger on the Homeowners Insurance ASAP. 

Can you please advise on the financing options that I can explore with the accepted cash offer?

Our business requires a much more in depth knowledge base to advise investors.  

I would advise working with a broker instead of going direct, since many DSCR lenders have different guidelines.