No matter where you choose to move, you are perfectly set up (if the money works) to house hack with your wife in one unit of a two-family and then to mid-term rent the other unit because of your medical connections.

The financials of the property and applicants investing experience / credit history will factor into the proposed terms for the purchase. 

So, what is your long term goal?

I'll find the details and send you a message!

Explain in details...I would love to learn about best practices!

Hi Chandana, More information would be needed to determine if this is good terms or not. 

Their model seems to be to short term rent (3 months) to insurance companies and then pay 1 or 2 months rent (late) to the owner and eventually just quit paying. 

https://biggerpockets.getregistered.net/conference-2024@Alexandra Hughes Pailet  I just tried to register, but I can't seem to figure out the pricing upfront, it took me straight to selecting workshops and entering details, please let me know where I Can find ticket pricingundefined

I live in New Jersey and would like to make this a medium term rental.

The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates.