That way you can see what you qualify for.

I believe you can, as long as you both owner-occupy the residence!

@Brody Veilleux You’re right—FHA loans are only for individuals and require you to hold the property personally as a primary residence for at least the first 12 months.Transferring to an LLC:1.

I use Facebook groups a lot but vet the contacts  that I find there  with caution..we do have a property manager at moment .She has had no luck yet finding viable qualified tenants unfortunately . 

-what is the background behind your plan to 'drive for primary residence'?

Investment Info:Single-family residence fix & flip investment.

If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?

I have finally settled on a price for my farm (12 acres) which would allow a short plat and development of a cul de sack and build 5 residential lots for 5 of the acres, and then the farm with my own residence on the 7 remaining acres.

For curiosity I asked Co-Pilot about it and got this response:The language in your CC&Rs stating that “no business or bed and breakfast is allowed” can indeed impact the interpretation of short-term rentals, but it may not be as straightforward as it seems.Definition of Business: Courts have often ruled that short-term rentals (like those listed on platforms such as Airbnb) do not necessarily qualify as a “business” in the traditional sense.

I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).