You would definitely need to consult with legal and tax specialists because charities have strict rules that they must abide by to maintain their status.I would be interested in hearing the opinions of financial professionals.

I've found that credit unions tend to look a little closer at your individual situation versus most banks that have strict guidelines you and your deal need to fit into.

It's all smoke and mirrors.My personal criteria for rejecting a applicant may cross the lines but the way I do it is strictly legal.

I can live in it for a year and then potentially buy a new property and do the same thing.However, I am wondering how "strict" owner occupancy is?  

Even with a strict set of rental requirements, the area the property is located will not draw in the type of client you will ultimately desire.

We know that we are dealing with the bank, and that they typically follow a pretty strict price decrease structure.

You'll run into other loan-specific (and lender-specific) issues, but this is likely the most strict...

HECM (Home Equity Conversion Mortgage - aka reverse mortgages) have Fannie and Freddie (and others) as the investors/sellers but are bound by strict HUD rules during the sale, particularly during the first 180 days the property is listed.

This would be strictly for fix and flip purposes only.Side note: My partner and I went to attend a Reiclub meeting tonight sadly after driving almost 2 hours we get to the hotel where the meeting was being held and the front desk said there was nothing planned for tonight.

But that's strictly what it is, bookkeeping rather accounting software.