Especially if you built something to rent or live in. 

FHA loans require living in the home as your primary residence for 1 year after purchase.

Even if the sponsor lacking knowledge and experience can raise capital through syndication, their life will become a living nightmare of lawsuits, hostile social media posts, public ridicule, accusations, legal threats.  

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

The lighting is a little dark in the picture but this will be a lovely/bright kitchen and living room for our next resident.

I assume that is to assure them that you live in the rental.HOA's that ban STRs trump the law if it is allowed in a particular area.

I would probably work with an attorney in North Carolina (or wherever you live) to do some estate planning since you do have young kids.

I am looked at by the loan officer as living in a situation rent free. 3.

Buy a property when it feels good is when you are buying your primary home where your kids will grow up and you'll live with your family.

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.