The other option is if the tenant is MTM like you mentioned, then you can sign an affidavit that you will be providing a notice to vacate as soon as you close.

You mentioned that I will potentially owe 'less than 80%' based on the work being subpar - Legally, how would this number be decided?

I'll second the mention for Idaho.

Hi Justin,Just like others have mentioned, if you’ve lived in the property as your primary residence for at least two out of the last five years, you may be eligible to exclude up to $250,000 of capital gains if you’re single, or up to $500,000 if you’re married and filing jointly, under the Section 121 exclusion.

We do these on LTR’s and STR’s for clients often and have never requested a tax transcript to my knowledge.They gave no reason and have lost my trust because they didn't mention they needed this paperwork either.

I will keep all that you mentioned in mind as I continue to educate myself on the best way I can go about doing this.Thank you

Not to mention, your knowledge grows exponentially when you have the ability to be hands on with your investments.

If anyone has a different opinion or insight on this that I'm missing please feel free to mention it!

I find VRBO to be very cumbersome to use and get about 10% of my booking through them, and as mentioned before they are not host friendly. 

I'm not sure why your mortgage broker mentioned there not being a prepayment penalty allowed in Ohio when I've closed a multitude of DSCR loans in OH that have prepayment penalties.