This will result in inspection results that more accurately indicate property conditions and promote better living conditions for residents.

Investment Info:Single-family residence wholesale investment.

One note is that if the property was helping cover my costs of living while I house hacked it I wouldn’t worry about negative cash flow while I resided there.

@Brody Veilleux You’re right—FHA loans are only for individuals and require you to hold the property personally as a primary residence for at least the first 12 months.Transferring to an LLC:1.

Investment Info:Single-family residence wholesale investment.

Investment Info:Single-family residence fix & flip investment.

-what is the background behind your plan to 'drive for primary residence'?

I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.

I have finally settled on a price for my farm (12 acres) which would allow a short plat and development of a cul de sack and build 5 residential lots for 5 of the acres, and then the farm with my own residence on the 7 remaining acres.

Has anyone found success in turning your primary residence into a rental, buying a new primary with 3-5% down and repeating each year?