I have seen CMBS Carveout language so onerous that it pretty much is a recourse loan for all intents and purposes.

Is there a way to avoid some taxes if the intent is to defer repairs?

A person with intent to use the property as primary residence can give you a 90 day notice to vacate.

We bought a house in NH with the intent to do just this, and have had a lot of success w/the strategy.

Maybe that's intentional

If that's the case then simply communicating your intent may resolve the issue.

Remember the intent on a VA loan is owner occupied.  

Curt - As usual you are correct about "bad info"One of the problems with just reading the law and the rules and the regulations when it comes to regulatory law is the lack of inputting the intent of the law, rule, regulation, etc.

The intent was that it will be fully rehabbed and tenanted before COE.

I would keep saving up cash with the intent to pounce on a deal that comes your way in the next few years.