This is where working with the right loan officer can make or break you.To answer your question, you will sign a Mortgage at closing, in which you declare that you will occupy the property for at least 12 months.I am not an attorney, and so I will never give you advice of what you should or should not do in this situation. 

I think every bank is going to treat these situations differently. 

Otherwise use skip trace to get the contact information of the property owner and other situation of the owner.  

Not only is there a wealth of information in each episode, you can pick the episodes that are most relevant to your situation AND each guests recommends a real estate and business book.

We have a potential deal in a similar situation.

The LL will most likely still not be happy, but shouldn't be able to say anything else about the situation.

and not be fully leveraged to the eye balls.. 20 to 30% equity in a buyers market is NO equity.. all the folks that think they have equity.. well if you need to sell you don't.. you probably have negative equity in a need to sell situation..  

Good morning all, Vacation rental owners, how much thought do you put into creating the most relaxing situation possible for your guest?

Here is my current situation...I have approx $100k in equity in my primary residence.

However, if you feel that floating some information to some underwriter colleagues could shed some light on my situation, I’d certainly appreciate the assistance.