Definitely check out the legality of short term rentals where you are buying... that issue is my nightmare right now in FL - where the city only pursues short term rentals based on neighbor complaints.  

Hi BP family,I am a new investor and currently have a contract on my first potential deal, but having some issues getting financing and needs some advice.

Hi BP family,I am a new investor and currently have a contract on my first potential deal, but having some issues getting financing and needs some advice.

Eventually causing me to stay overnight, duhh..So, at what point does residency become an issue if I have a loan (FHA or VA) that requires occupancy?

There are certainly issues including how many and what types of properties you can sell with these methods and to whom, but most of those are consumer protection issues.  

If you're willing to do that you won't have issues getting a loan based on what you're saying.  

We are finding from our projections that the UDFI tax is almost a non issue as you also get to take depreciation on the financed portion and they come out to a wash more or less.

When a note gets sold to another company, the buyer has no say in if/how that gets done - - just notice of where to send the next payment.(4) The Purchase Offer (or Commercial Offer) look exactly the same for Seller financing.(5) But of course - - the escrow/title company will issue a Settlement Statement and your expenses are noted there.

The scope of that project was very similar and was $110,000, but he emphasized that there were multiple issues with that particular property.

I don't ever park my dumpster on the street but rather in the back however I can make it work- no issues to this point