. - One other clarification - I acknowledge this can be confusing, but in a typical transaction where there is one agent/brokerage is representing the seller and a different agent/brokerage representing the buyer:The terms selling agent and buyers agent are interchangeable; Thus, the selling agent is not the listing agent (quite the opposite)

However, be prepared for management challenges with 12 units, consider the market's volatility, and acknowledge potential liquidity limitations.

Rates will be lower for a 2nd home loan, but as Michael stated you will have to acknowledge in the loan docs that you will not be renting out the property.

I was coerced in to signing an acknowledgement contract, after they threatened to send a the $995 cancelation fee, even though I never signed the original acknowledgment letter, ON TOP OF THE $795 application fee.I am currently pursing a civil suite against them, have file a complaint on every single platform I can find.

Still, after 2 inquiries, not even an acknowledgement that there was an issue.Anyone can go to their website and generate a Proof of Funds for $14.97.

And acknowledgement to @John Thedford ... when I'm by myself, I don't perceive any type of barriers, but as soon as my husband is with me, all conversation gets directed to him. 

She acknowledges that her credit is not great, due to a history with a former partner, but she makes sufficient income and is willing to put down more as a deposit. 

Hi  - I should have clarified - when my tenant was in this situation I was very upfront with her that over the course of the year it would net out to an increase in the rent (2 payments worth) and wrote an addendum to the contract/lease agreement that I had her sign acknowledging that she was aware of this and the biweekly payment terms. 

You acknowledged that you were scared of the Detroit market, therefore as the old saying goes "Trust your gut" and there is your answer.

I really cannot stand lack of communication or lack of acknowledgement.