There're ways to plan your trip around this requirement, but not how you do it.

https://www.thimble.com/small-business-insurance/additional-...https://www.propmhomes.com/blog/additionally-insured-v-addit...I plan to circle back with my broker but does this check with what others have heard?

At the end of 2023, I purchased an empty lot to build a single-family unit, that I plan to live in for at least 1 year (rent or sell in 2025).

Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.

My family and I are planning to upgrade our living situation in a few years but we live in a HCOL (New York City) area so it’ll probably take that time to save up the down payment.

I’m planning to do house hacking as my first step.

If it takes you 8 months on a house instead of your planned 4 months, the interest on the hard money took all of the profit from that project.

Failing to comply with these requirements could result in penalties or even the cancellation of your mortgageAre you planning to refinance?

These are our first two in the area, but we plan to continue to invest here.

I started off in webinars, reading posts from the outside, and planning of to get 'skin in the game' before posting.