The economic incentive to lie simply is not there. 

Biggest thing, is make sure your numbers are airtight and ask your broker exactly how they will be determining your rates and terms.For loan shopping, just vet experienced, investor savvy loan brokers.

They own the equity in the property as well as the home itself.Sometimes the asset can also be a liability; sellers can help themselves by assisting buyers facing income, asset, or credit barriers; sellers may fund different types of buydowns to lower rates, provide down payment assistance, or carry all or part of a newly created mortgage note; sellers who are trying to move a property in a slower market make the mistake of simply slashing their asking price; dont give away their equity in a "fire sale," implement techniques described here and get your property sold at a fair price.  1.Seller ContributionsNOT "seller concessions", seller contributions are really a range of incentives or other financial offerings designed to make the deal more attractive and doable for a buyer.a.

The biggest challenge was that we were moving from a larger, newer and more expensive home to one that was smaller, older and worth less than our current primary residence that we were converting to a rental.

Out of town private equity and MASSIVE AMOUNTS of oversupply of apartments being built from incentives (opportunity zones, etc)........ instead of logical supply and demand reasons to build.

At our age, our biggest problem will be financing and finding a loan.

The biggest one I could see, is you don't get the money until after the project is done.

The governor of FL suspended vacation rentals and the beach (the biggest draw here) is closed.

Also, there are probably killer deals farther south both on price and tax incentive compared to jersey.Good luck!

The HML not coming through after doing all of the work to get the property under contract and then having a hard time refinancing are my biggest fears.