(I know you're not a lawyer and will eventually seek professional advice.)I just talked to my RE broker and he said with LLCs you typically do commercial loans.

When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due on sale clause as long as you can attest that it will continue to be a second home.  

Pre-understanding of the area/market, willingness to fix and live in an outdated and damaged home.

My normal insurance provider(Erie) said they will not provide coverage on a rental we are about to purchase due to the home having fireplaces.

These loans typically have restrictions that prevent them from being transferred to an LLC or other business entity.

We typically ask the purchaser of the report to enter all 0's for the SSN which indicates to our screening team that a SSN is not available.

@Verna Littleton @Wendy Thurst we rep for NREIG and can share that they will not be able to insure the building if it is owner occupied.If you are living in the property as your primary home, you would get a standard Homeowners policy. 

Typically a seller can't get out of a purchase contract once they agree to sell, but it's also rare for a court to force a sale if the seller just doesn't show up to closing.

For those who have tried Airbnb long term rentals (typical more than a month), how do you factor in the utility bills?

Looking for advice on what I should do with my current home as I look for my next primary residence.