My understanding is as long as you're not sharing that lease to clients to use then you're ok to use it on your own stuff.

Some Lenders do cap by the Fannie Freddie cap of 10, but there are plenty of lenders out there that will not cap you as long as you are able to provide updates on your properties and have a relationship with them.

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

I’ve definitely seen this, or rather one part of the bank saying it should be fine and the back office part having a different trip wire for return.Doesn’t mean the tenant didn’t cut it awfully close but I’d let it go as long as it was resolved immediately and the tenant paid any overdraft fee.

You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.

Their opinion was that as long as the Heloc closed and 3-day recission expired prior to her closing on the new home, they didnt care.

In our area, the utility company will not allow water / sewer to be placed in tenants name, however natural gas, power, and everything else can be as long as its sub metered.

You want to keep your job as long as possible because that's what makes you lendable.

And as long as you have lived in it for 2 out of the previous 5 years you'll get the first $250K ($500K if married) tax free.But what's even better is that you can still do a 1031 on the sale for the portion that is used for investment. 

Charge them market rent for 2 months and if they overstay, then rent goes up until they leave...though if you plan to use it as a rental, does it matter as long as they are paying their rent.