Screenshot of the legislation below: Depends where you are and if they know there are renters

And you'll have the best rate/points options with a primary residence.Option #2 is great, especially if you're willing to move into one of the units (because the down payment minimum is just 5% or 3.5% depending on program), but as you mentioned it's really tough here to find small multifamily here.

Depending on where the rental is, that might have an affect on what people are looking to stay in.

What is on the insurance application that you signed? 

I only allow tenants to pay on the 1st of the month but I would consider alternate payment schedules dependent on the situation and tenant if they asked.

@David SamIt depends on a number of factors. 

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.

I found that it is highly dependent on location and secondarily on time of year.

Most of us had to be this ourselves (with a little help from our investor agents, where applicable).

A mild recession is possible, but its impact on housing demand will depend on regional and economic conditions.