That is the lowest we’ve seen in several months and well below the ~8% peak seen back in October 2023.The Fed monetary policy and rate decisions remain the biggest single driver of the residential real estate market overall.

I don’t advise because you potentially could get kicked off of a platform but as the owner you are not losing occupancy control because of a legally binding agreement.

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

For example declaring a monetary war thus necessity, or a cyber war etc etc.. 

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.