@Sateesh Kumar, it's tough to give up on a 2.5% interest rate, although of course your unique personal situation comes into play.

Mike licensed Mortgage lender who can do residential owner occ loans is what a RMLO is.they are tough to find because most work for a broker that will not allow one offs.. when I was current with my RMLO license I thought about setting up for this business but too much work for to little money.RMLO needs to be a state licensed mortgage lender and NMLS registered to do owner occ loans. 

Everyone you ever need to do business with will offer enough transparency to show their authenticity and legitimacy.With the internet there is an abundance of good people to do business with and most are fighting to prove they are such.

Particularly when you are the new owner and not the one who actually did the unpermited work.However, they will not give you a pass....you will have to prove to the Inspector that the work was done 'up-to-code', and if it is not, you must bring it into compliance.

Can be tough but they are out there.

I can prove to you or your lawyer beyond a shadow of a doubt that I have no more affiliation with Bongo Stays or Frank Valencia, we had a partnership which broke down and we were left with a massive bill owed to us just like yourself.

Well, it seems unfortunate and a tough situation!

Personally all of my STR's could at least cover themselves as LTR's, although I acquired most of them pre-COVID and it is tough to make a retail investment at current rates and values that work as both. 

Charlotte is a tough market for investors at the moment as we have had a considerable rise in the average price of housing as it has become more popular here. 

The rules are not hard to follow and of course you'll need to plan for RMD's unless Roth but if you start a few years out this isn't tough.