There are some exceptions, but I tell most people to avoid it.

He paid monthly for 14 months until he forgot a check, got hit with a late fee, then paid the remaining 10 months in one check.He moved out at the end of his lease with no issues.Of course, this is the exception, not the norm.

In Memphis I am apart of the Memphis REIA which is known as MIG or Memphis Investor Group and this has been vital to my knowledge & choices as an investor.Goodluck!

Quote from @Dee R White: I'm out of debt, don't really plan on using my card much except for emergencies but the recovering spendthrift and the riskier investor sides of me - are curious if I should call the company back and ask for them to raise it back as it might affect my credit score. 

There are rules and exceptions to the rules -- it's actually pretty interesting if you take the time to research it.

Quote from @Liz Rivera: I’m currently in the same predicament, except I’m renovating the unit I’M living in. 

I told the manager I've managed a portfolio of short-term rentals and that my previous landlord allowed me to do it and loved that it created an incentive for me to take exceptional care of the property.

Just to confirm, for an owner-occupied home (one you live in) you have to live in the property for 2 out of the last 5 years in order to claim the $500k exception for married couples.

Then on top of that I have four multifamily in Southern California, and they really have not appreciated that much except for the value add that I have forced.

Because the last inspection passed everything the 1st time except the fact that he had clothes were on his living room couch thus inspection was rescheduled to ensure tenant cleanliness.