The top level brokers in commercial and residential don't listen to the sky is falling stuff.

., So it's really going to fall into the wording of your lease.

The biggest hit RE will take is consumer confidence, and or debt traps people fall into if they have to take out personal loans/ HELOCs or credit card debt to pay the mortgage, rent, car payment etc.

This is where my RE that would have been positive cash flow now falls back to close to neutral. 

I recently had a contract fall through in underwriting because of the property would not meeting valuation along with several other issues on the sellers side.

It looks like it’ll fall through because as I’m told the government isn’t available to finance sub prime loans at the moment and there aren’t any private investors available.

Otherwise you run the risk of falling in love with a house only to find out you can't afford it or (maybe worse) can barely afford it.

Having a preapproval letter will put the seller at ease and help them choose your offer since they know the financing likely won’t fall through when the property is under contract.4.

It's pretty clear in bold letters on loan docs that it is an owner occupant loan.Plus, closing attorneys usually mention it when you're signing the papers...especially if they know you're new.The bank likely wouldn't not fall for the story you were going to live in it if you closed in 16 days and had it it rented out within the month.Your best bet is to cross and your fingers and hope they don't ask in the next 12 months.

If I rent to someone for a 25% increase, that gives me one month of extra rent to offset the risk of vacancy in the fall.