A letter from you highlighting the positive features of the new home you find attractive (bigger yard for my dog, another bathroom for my teenager, etc), paired with evidence that you did in fact historically owner occupy for a year (old utility bills, old mortgage statements, old paystubs, etc, addressed to your then-current residence work), would make it pretty rock solid, but this is still ultimately an underwriter judgement call.Because preapprovals are not property specific, they can never incorporate this, so it's on you to set yourself up for success on this front.

If paying rent isn't important to a tenant, I view them as testing me, to see what they can/can't get away with, very much like teenagers testing a curfew.  

It does however, require active management and enforcement of rules -- sort of like parenting teenagers.  

Since I was a teenager, I had been interested in real estate investing, and got my real estate license while in high school.

My nice tenants are afraid of confrontation especially I think is because they have a very pretty teenage daughter.

I had big ideas about being a scientist, an artist, an engineer or something great.Somewhere along the line I let teenage hormones and unfortunate life events get to me and I walled off this side of me.

Have questions about helping your teenager or young adult in your life get on the FIRE path?

I hold a meetup group and a couple of teenagers attend the group to learn.Another thing you’ll want to decide is if you are more interested in being a real estate agent, or a real estate investor.

This brand new Bigger Pockets book is just for you - First to a Million: A Teenager's Guide to Achieving Early Financial Independence.

This brand new Bigger Pockets book is just for you - First to a Million: A Teenager's Guide to Achieving Early Financial Independence.