That is considered a contract issue, when you truly have a mortgage and try to dress it up in contract law it usually ends up being interpreted under real estate law.

That actually woke me up and I immediately got dressed and drove to the property and sure enough, the backyard is saturated with water, and the entire back alley was flooded.Now Fort Lauderdale has a usage schedule that the per 1000 gallon price shot up exponentially as your usage increases.

I have to restrain myself on my investments from busting our with coffered ceilings , fancy stairs, and elaborate paneling schemes.

Neither a bigger, fancier residence (implied by the "property ladder"), nor a fancy boat, nor a fancy car would, in my book, constitute an investment.

I am not sure if #5 standard or not but with my mortgage it apparently is since they decided to send me a fancy letterhead stating so. lolNevertheless my point of listing those was that apparently some banks are ok with putting it in a trust #4 or in another's name for estate planning #3.

It's a sales tactic.All they are selling is a fancy way to tell you to go to friends and family for money.

The kids ended up taking HELOCs on the house and used the money for improvements and a really fancy music room (one of the kids was a musician.)

I can't tell you how many times in the past 5 years wealthy business men would leave their jobs for an hour or so and come check out potential rentals to buy in their fancy suits.

I have a fancy company phone now.

I would just buy it as owner occupied and if you chose to rent it out later you can, but I wouldn't get fancy with trying to buy it as a business asset and rent to yourself.