In the proposal, the Bureau explained that the definition of “dwelling” in § 1026.2(a)(19) was consistent with the meaning of dwelling in the definition of “residential mortgage loan” in TILA section 103(cc)(5).

For example, I have consistently earned 7 - 9% annually on our cash at lendingclub.

I'm a new member of this amazing Real Estate discussion platform.

But at least it does qualify as passive income and has tax advantages.With the amount of cash you will have available why not look into one of the more passive investment platforms?

I'm consistently running into scammers posting my rental listings not only on Craigs List but also on Zillow and Trulia.  

Bought a house for 9500, put about 8 into it, i get 1000 per month consistently

The transaction may undervalue the Move as the Company is an online real estate platform whose sites include realtor.com and is positioned to successful compete with Zillow.

The property was build in '56 and consist of two separate 2/1's, each ~700 sqft.

I know you mentioned there are things to do all four seasons but I would be cautious in assuming you are able to rent the property consistently year round.

Goal is a consistent income within 7 years, not maximum assets after 40 years.What I know best is the New York City rental market, so I was planning on getting started with single apartment units or single-family homes in the city and surrounding areas, including Connecticut which I also know well.