You have to send thousands to fish out the exceptions.

For those following along at home, that language is found in Title 10, Chapter 1, Article E, section 6 (or 10-1E-6) in the municipal code.It reads: "The renting or leasing of real property for residential occupation for periods of time less than thirty (30) days is prohibited in any zoning district within the town, except as permitted in this title for hotels, motels and bed and breakfast inns."

I had a not so great job except I didn’t even have really decent pay.

However, you will need to pay the additional cost of securing a new mortgage.This is based on:* I added $600 to ARM to cover its additional expense (increases monthly payment to $5,104)* No prepayment, except all paid off at end of year 5 for both loansThese are the monthly movements, I hid a lot of rows for simplicity

(I was going to say except for the person who NEEDS to sell today.

Different lenders allow different exceptions on that pre-payment penalty rule, so it may be worth looking at that. 

The second series was just established at the beginning of January and after going through all the steps, FCB stated they weren’t comfortable with the series and did an exception for us the the first time.

Overall I agree I don’t like the method, with the exception of when starting out with very little.

However, for me, I would do NOTHING except issue them a lease violation warning and use their uncorrected lease violation as another valid reason to evict them.

I rarely refinanced unless rates were exceptionally low like in 2012 and later 20 teens.