The mortgage rules say (as I understand) that in order for a home to qualify as a second home, the owner needs to occupy it for more than 14 days.

I don’t understand why an owner would consider seller financing.

(Groceries, furniture,  pets, kids, etc etc.))If you plan to live there and you are quiet then maybe, if you want to live upstairs.

It's a great way to get a foot in the door and it provides more lending options as well if you owner-occupy.

Is there a different re tax rate for out of state owners?

@Lynette guy I have been trying to contact Evolve as we are renting a place through them for Christmas as tenants (not hosts/owners) and they have not responded any of our communications via air BnB platform.

@Jonathan Small your PMC should give you an Annual Owner Statement with a breakdown of income & expenses for each property.Give this, the 1099-Misc they sent you and add any property taxes or insurance you paid and bank 1098's to your CPA.

Think my 4 plex has tenants that lived there 10 years :) from prior owner . let me know if further questions be glad help anyone from my 3 year experience down there so that maybe you don't make my mistakes.  

Ask to see a copy of the lease and look for the length of lease, current rent amount, tenant obligations like paying for utilities and adhering to house rules and look for Landlord obligations like things the landlord may currently being paying for (like trash and water)Make sure to have an assignment of the lease and clear language on the security deposit WITH interest shall be transferred to the new owner at settlement.Consider tenant quality - what’s their payment history looked like, obtain rent receipts or bank statements from the seller to review on-time payment history.

Transfer taxes, recordation taxes, lenders title insurance, owners title insurance, closing fees, lender fees, appraisal, survey, deed prep, recording fees, insurance, escrow