If its a DSCR loan it is less relevant whereas a bridge loan may look harder at your current financials to make sure you can afford the loan. 

It wasn't called that but worked similar that if ended sooner then the 10yrs there was a financial hit for each yr not honored. 

Lastly, what other considerations or resources can you think of that will help me understand the process and feel more comfortable as a first time home buyer?

Carlsbad officials are required to notify Native American tribes within 30 days, and tribes have 30 days to respond if cultural resources might be affected.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

Hey Ricky, @Steve Wolterman would be a good resource as he owns 1031 federal exchange and is a tax attorney.

Regarding financials, the bottomline is the numbers should work.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Wondering if someone can point me to a reliable resource because the hours of research i've done online did not give me any clear, obvious examples of how to do this correctly.I owned my first primary residence for some years.

Having trusted resources in market have been helpful in managing our properties and contractors especially when my non-real estate related consulting business is in its busy season.