This Alderman is going to present yet another tenant friendly regulation.There are a lot of reasons why this is tenant friendly, but one of them is you can no longer end month-to-month, even with 30-day notice, unless there's a "good cause," which is described here.Also, now the tenants could have a longer period to pay back the rent and stay in the property.

We’ve cracked down too with notices and each time we do it they pay the latest month and part of the latest month. 

I'm no expert on borrowing, but maybe look into a different product like Fannie Home Ready or conventional with 2% more down.I became a seller-financing master because of what you're facing.

I have also done some other research and have read about Fannie Mae home-style loan which basically encompasses what I have been saying and combines the cost of a "fix-er-upper" and the cost of said repairs, and wondered if this is common.

@Jeff Goff The loan to your LLC will count in the numbers of financed property rule that Fannie Mae and Freddie Mac have because you own more than 25% of the LLC so its going to be counted as a financed property.

The investor concentration is to high for Fannie/Freddie guidelines.

I'd recommend discussing the risks with an attorney and at the very least having a plan in place to deal with the worst issues that could arise with leasing your primary residence short term.Be sure to provide proper notice (probably 1 month in advance of the lease end date, but check your state laws about proper notice) for them to leave and it would be a good idea for you to have a neighbor check to confirm they are moving out in the days prior to your returning.

@Wayne Brooks I think they meant to say that I should have clouded title while I was under contract (ie filing a notice of contract with the county).

Just put them on a month-to-month and make them give 30 days notice before termination.You should consider reading a book or two on how to manage your rental.

Thisfar from going bye-bye, just readjusting for small/mid sized lenders dodd frank is a good bill, and like all of bills of this size and scope, they will need reasonable adjustments as time goes onI doubt anyone will notice any direct affects of this, though the lenders affected by it (like BB&T especially) will have a lot of opportunity open up.