What if they change the terms on you last minute?

The result is typically less loan proceeds, lower rate, worse terms, etc.

Strategy 1: buy a duplex, live in one unit (for one year as a "primary residence) and rent out another unit as a short-term / mid-term rental on Airbnb.

In terms of using BP - I highly recommend setting up some "keywords" in your settings so that you can get alerted to discussions that talk about "CPA" "Bookkeeper" or "Bookkeeping" and related terms!

Mashvisor – Helps compare long-term vs. short-term rental potential, especially useful if you’re weighing both options. 4.

@Paul De Luca I have been mostly looking into long term rentals so I am considering between house hacking and buying investment properties for the sole purpose of renting them out.

Don't grill me too hard.I own three rental properties, one is my primary residence with an apartment (5 units total between 3 properties: 1 airbnb, 2 medium term healthcare leases, and 2 long-term rentals).

Quote from @Jack Matthias: Hi Josh,Curious why the Heloc as this can be done with better terms going the conventional route. 

In terms of material participation for cost seg I'm good there and meet the requirements. 

I'd start shopping around for terms and building relationships sooner than later.