if I rented my primary residence it would take much longer!

Since it is not my primary highest LTV I could get was 75% and since it is considered multi-family only 70%...I wanted 80%.

The only deal I am working on is currently my primary residence, which I am planning on refinancing and turning into a rental as we will be purchasing a slightly bigger home for our growing family.I just recently stumbled upon BP recently and am so glad I did.

So for my first potential I am thinking about refinancing my primary residence just NW Atlanta so that we can have the down payment on a slightly bigger home as well as pay some debt off and establish an emergency fund.

I have a realtor that I bought my primary residence with but other than that I am in need of everyone else involved in the process.

Their primary safeguard to protect that goal is forcing their partner (the borrower) to have as much of their own money in the deal as possible, such that if they quit making payments the bank is whole.

Our primary residence has a considerable about of equity (Apparently that's true because I completed a HELOC pre-qual form online and immediately after I hit 'submit' my phone was ringing with loan offers and it hasn't stopped for the last 12 hours).

@William Springer, If that home in Brooklyn is her primary residence now then it's not eligible for a 1031 exchange. 

Question for lenders (or anyone).  On an owner occupied 4-plex do all lenders calculate the debt/income the same way?  Would the entire PITIA go against the borrower as housing debt, Then use positive cash flow plus a...

@Ryan Mattson Thanks, I should mention that just like all FHA loans it is for your primary home for at least one year of residence.