That means you own your primary home with your spouse - EVEN IF YOU DIDN'T SIGN ON IT.  

Once we take over the property, we were thinking of signing a 3 month lease with an increase in rent (still not market rent) and after 3 months will increase to market rent and have them make a decision if they would be willing to stay or not. 

It will also be difficult to find a licensed contractor who will feel comfortable signing off on the work if they didn't do the work themselves. 

I’ve prequalified for a mortgage as long as I have a signed lease saying I’m renting my current house. 

We also had to get a lease signed on our old home before we closed on the house, but we had everything set up and ready to list as soon as we got under contract.

You're signing up for an absolute meat grinder of a job with the hope that you can someday stabilize it and build something that could be put on cruise control or sold.As for tactical advice, tap into your network and alumni network.

When you close on a mortgage you are signing a 1 year occupancy clause, meaning that you will use the property as intended for the 1st 12 months of ownership. 

This has always been the case, but the industry is taking strides to make it more fluid.Investor Sellers can choose to pay some or all of the buyer's agent commission (that's not new) but this can no longer be advertised through the local MLS AND this must go through the seller to the agent versus through the listing agent like it did in the past.Investor buyers must be signed with an agent to step foot in listed homes.

Brenda Jones with KW Vermont is a great agent in the Bennington area.

Did she sign that document?