Hey all, I should have clarified: I closed on the home in March 2022 under a FHA loan at 5% down, so I believe I need to be in the home for 12 months before converting to a rental under the mortgage agreement (although I couldn't find this language in the loan docs).

Or still in seller's market la la land like it's still March or April. 

Hoping to make some connections, get some advice on things that I can do to prepare for my first purchase in June (I won't know where I am relocating until mid-march).

I will be entering contract shortly with a 90 day close so clock for my 45 day ID period will probably start in February/March.

The IRS tax court has rules of a legal option to purchase.If you are a landlord or investor representing rent to own as a solution to home ownership in marketing, you can bet the judge will consider you an expert and the poor tenant buyer should be givien every possible break.As I have said over and over, if you want to limit risk on Rent to Own, consider renting with a ROFR (right of first refusal), march the tenant down to the bank and start preparing for a 3-5% down payment. 

I don't understand how you can possibly think you can buy a fixer upper, and turn it into a B&B and think about GCing it yourself with no experience. sometimes ignorance is bliss.

Got a loan from Bank B, and paid off bank A with it).

This gives me a band between the status quo and "what could be".  

I agree with David Dachtera on the expensiveness of D&B, but I personally believe that experian business credit will overtake D&B, it will take a couple more years but experian is much more popular than the ancient D&B. And

Tanya,In general, the 1% rule applies in B, and C areas while the 2% rule works in C, D and F areas.