You can certify today that you will be the primary resident and then lose your job next month and have to move for a new job...things happen2) Have your Attorney review your Note and Mortgage documents to determine if some form of action by you is required should your residential status change...most of the time the answer is no3) The likelihood of a bank putting you in default when they are getting paid regularly is slim though I'd be doing a dis-service if I said they couldn't do that4) There is no "rule" as each lender's requirement is different...some are Self Certification Only, some are 6mths, some are 1yr and some are 2yrs...it just depends on the loan type and issuer...again, the exact language will be expressed in your Note and Mortgage and unless you committed fraud by saying you were going to live in the property and yet had no intentions at all, then most likely no issue exists5) There is no asking a bank for permission in my opinion...not sure if I know of any Residential Status Change Authorization Desk... 

I spoke with Max from Express Capital Financing last week.

I mostly liked it, until I collected my first rental payment, and realized that it was going to take 5 days before it will post to my account (even if I paid for the express payout service, it would still take 3 days to post!).

-NYC express bus (40 minutes) bus stop is directly across the street-Off-street parkingWhen I did speak with Furnished Finder they said I was right on target for rent of about $1300-1400 due to my location (hospital proximity and close proximity to NYC)Please let me know your thoughts.

Cody,While I agree with the cautions @Andrew Syrios expressed above, I don't think there is a "better/best market for BRRRR".

I did mine at a nearby church before and was surprised at the number of folks that showed up to express concerns.

Any cancellation of the Purchase Agreement shall require Assignor’s express written consent.

Either the PMC is trying to use the application fee as a filter or a profit center.Would point blank ask them and express your concern about the increasing DOM.FYI - DOM for rentals is up 26% compared to same time last year:( 

Most small banks in my area most definitely have limits on how much exposure they'll accept from any particular borrower, expressed as either # of loans, or total dollar amount.

I've read all the negative reviews about them as well and I"m sure all those people had good reason to express their views but I want to decide for myself and base my decision on my own experiences with how a company treats me.