Hi there - my husband and I are preparing to build our new house (on land we already own).  He is a contractor and will be doing all the labor.  Our plan is to rent out our current home, which we own, once we move int...

Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?

Plus I wasn't married with kids, so I was comfortable taking the risk.I found that owning my primary residence as my first "deal" was a really great way to get into real estate.

Currently in Nashville, TN, with a primary residence and a SFH rental with strong cash flow.

I think one of the big picture issues is to be frank for the average person the will proably get better risk adjusted returns in the stock market and maybe even bond market right now, so theres so very broad sense in which kind of the whole thing is broadly scammy. however its the hardest time to buy a house since at least the 80's more content or maybe even another site aimed more a primary home buyers, with stragies for that, rent vs buy analysis, much more local coverage etc, it's quite possible if not likley this may just be a lost decade for r/e investing.

I have been fully consumed in all the BP podcasts and it pushed me to turn my primary residence in Wilmington into a long term rental. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

@Mike CalveyMillennial here and I own 3 properties in 3 different states one being my primary residence.

Just to challenge you a little - can you house hack, or are you already situated in a primary that you own?  

I have a HELOC on my primary residence and access to a little savings.