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When you do a refinance, you are signing a 1 year occupancy clause so you have to plan on staying in the home at least 1 year past a refi. 

This is a hyperlocal process but you should learn especially if you are going to stay in this business.  

One was a medical professional couple working at Beebe, the other a family relocating and needing a place to stay while their house was built in Lewes. 

If the tenant wants to stay, verify he can afford it.

You have to have eyes on your project every day to stay up-to-date and worst case, weekly.

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to send me a private message if you have any questions here.A couple articles you can read that will be helpful:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...https://www.biggerpockets.com/forums/51/topics/1204912-how-t...

Lenders are reaching out to Fannie Mae and Freddie Mac to have the minimum increased, since this is an issue that will not go away as insurance companies raise premiums to stay profitable, and HOAs try to avoid paying higher premiums by increasing the deductibles (or sometimes they need to do both to afford a policy at all). 

Stay at it.

Do you allow single night stay?