Account Closed, I have not tried BB&T, but I will reach out to them as well.

The deal was identified by my real estate agent and requires a quick closing.

Working with @Benjamin Carver or another good agent to help find and close on a deal will be the key. 

I’m set to close on a property in early August and am trying to make sure I’ve got all the correct paperwork/wording to make it all legit.

Its a really stupid rule especially if you self manage and live close to city limits.

If you can find one its Millions of dollars since those types of spaces ar3e close to beaches here. 

A little over 15 years ago, in the late spring of 2009, I was a brand spanking new real estate agent coming off of a miserably failed real estate investment venture. I was also a catering server, restaurant server, an...

Real estate loans to owner occupied properties where the business of the owner is closed down - or SHOULD be, and the owner needs some time to sell the property.  

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.

Quote from @Sreedhar Dasi: I closed my property with Homeroom in March.