While I can't offer insight into the legitimacy of this particular lender, as a private lender I wanted to share some insight into how to tell if a lender is legitimate.First, realize that private lender can vary in definition considerably.

Maybe instead of planning to rent for 10 years, which could feel like dragging the pain out, what if I make a plan to rent it out indefinitely?

Looks like about a 5k differential up-front to break even on the rent (theoretically, indefinitely). 

You should run the numbers with your loan rep to see what the rate difference would be if you re-lock the rate today and determine if that is better for you than racking up extension fees indefinitely.  

@Christian Orellana, the 1031 exchange will allow you to do that and still indefinitely defer any tax due on the sale. 

No furniture means the owner (or tenant) has vacated and the seller is most likely paying 2 mortgages (the property for sale and where they are currently living) and the average person cannot afford to keep that going indefinitely.

Another important consideration is the hold period.Most of our clients intend to hold onto their real estate indefinitely, so what happens in any given month or year is not relevant.

The bottom line is that unless the world shuts down again indefinitely, vacation rentals are here to stay.

Plus you can store the footage indefinitely and get motion alerts that are customizable.

I am trying to expand out of New Jersey and I guess I realized how much of a bubble I was in, definitely have a resume but its a challenge I welcome.