It's not a deal killer if there is a valid reason but it is a Red flag that the underwriter will require a LOE/ - letter or Explanation.I mention 6 months because if you can occupy the home for 6 months you can refinance and transition the property into a full time investment rental if there is 15% equity.

DSCR no-income loans are considered "business purpose" in nature and thus the lender requires the funds to be used for "business purposes."

@Jeffrey HennenInstall an interior railing with vertical pickets to meet ball pass requirements so they can still get light and open the door, just cannot go out.

I had a property mortgage as primary and mortgage required keeping as primary for 1 year, within 1 year, I want to rent it out.

The bank or lender must use an "AMC Company" by law as a middle man because of the Dodd/Frank rules requiring no contact between the appraiser, buyer or the loan officer before, during or after the transaction.If you want to refinance you can talk to a Banker or loan officer and they can do an AVM for you to check value but an appraisal will be required in most cases if the LTV is above 70% LTV. 

Does it meet the DSCR cash flow requirements?

If your job requires you to move every few years, you are better off renting the home you live in.

Great reminder of the determination and grit required to be in real estate.

Requiring a completed application prior to showing.

I’m a Realtor/investor in the Chicagoland area and I have my eyes on a property coming up for auction in Denver… I purchased a foreclosure in Chicago recently so I have an understanding of the due diligence required and how it works in IL.