I agree and I did not think about it.but I think it would have been Fraud if when applying/closing you intended to not live there,  but just now you are thinking about it. your lender may tell you not to do it, and he can call it due if you decide to do it after all.

Notwithstanding such representation, Seller agrees to reasonably and promptly cooperate with Buyer so that Buyer may apply for and obtain a mortgage loan or loans including but not limited to providing access to the RealEstate to satisfy Buyer’s obligations to pay the Balance Due at Closing.

Initially applied for financing thru BofA which offered 4.75% on a 30 yr fixed working with a loan officer I had previous experience with.

@Eva Hambrick a few things...First, I obviously want a CPA who is a experienced in rental real estate; including things like depreciation, capital improvements vs maintenance expenses, passive activity losses, applying 1031 exchanges, etc.Second, as both a business owner and real estate investor, I want my CPA to understand that I have both earned income and passive income, and help me strategize how to reduce my tax liabilities from this standpoint.Finally, I want my CPA to be proactive in helping me plan and manage my tax strategy as part of my overall financial health all year long, not just file my tax return in April.

(applies to mfh owners  or sfh owned by big corp ) Why is this not being talked about?  

All but the first one apply to everyone.To be unclear is to be unkind. 

The Mayor has chosen Lower Clinton Hill to apply resources.

However, no matter how a contract is assigned, the original terms and obligations still apply.

Applying a 35% expense calc on that revenue gets you about $77k in expenses.

It is a LONG drive but the information, the people and learning how to apply what's going on in a market that booming before ours has been invaluable.