The majority of tenants are fine people; but the pros are getting really slick, the Internet and tenant activists will test us all.

You probably havent been late paying your mortgage, but you can bet there is a first lien position on your property to protect the bank/lender who made the loan.

I mean, I suppose the fact we live in frontier times with the internet is a consideration but real estate???

Best bet is to raise the capital and bring in a financial qualifier aka KP 

Stop wasting your money on useless and regurgitated information you can find on the Internet for free. 

Basically, I see as the tax man is trying to prevent people from betting their homes on business adventures...Just Google the topic.. 

I am watching I guess since I have a small bet in but not really expecting a reversal. 

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.

I've copied this basic definition from the internet below.

I think it's best to break out as many of the expenses as possible.Owner occupied, I bet you can do quite a bit better than 4%.Your PMI looks really high.