(this is important if you do need a short term loan to purchase then refinance out - and the answer should be 1 day...very important that it is 1 day on title is all that is needed to refinance) What is my minimum down payment required?

Hi All,I've noticed that a lot of lenders have pulled away from 5+ unit properties and Mixed-use properties, particularly when it comes to long term financing.

Attending auctions, negotiating directly with banks, and exploring short sales are all viable strategies depending on your investment goals and risk tolerance.

Evan,Obviously depends on costs but this will be a rental that I plan on holding long term.

The transaction to pay the renovation guy worked fine (I provided an invoice from him to Plastiq).As Kerry Noble said above, they do seem to have "tightened up" their terms.

It sounds like you're saying to think longer term, to let things develop.

Ensure it meets safety and zoning requirements before using it as your primary residence to avoid violating any laws or terms of your owner-occupied loan. 

The only reason to buy a home while still in flux is if the long-term plan is for investment only.

@Chiane Martin the biggest challenge to doing Boarding Houses successfully is investing the required extra time.LTR - take the least amount of time, but time required increases as you go from Class A, to B, to C, to D.MTR - take more time than LTRSTR - take more time than MTRBoarding House - can take an insane amount of time to manage!

And if you need to rent in short term, that's fine too.