Just wondering if anybody had some inputs on this strategy especially pertaining to the legalities of it and if it would affect the likelihood of securing an FHA loan.

The benefit for YOU is that once you've met the owner-occupier residency requirements, you'd have the option of doing a conventional refi, which could get you many more dollars back into your pocket than you started with (so, you could REPEAT)!

More than half say that the few quality assets available are overvalued.I present the conclusions of the study, Trends in the Real Estate Market in Europe 2017, prepared by PwC and the Urban Land Institute:TRENDS OF THE REAL ESTATE MARKET IN 2017The expectations of investors in the European real estate market in 2017 are marked by the lower availability of quality assets, lower economic growth and lower profitability:It remains a very attractive market thanks to the relationship between risk and profitability, but most respondents believe that last year's profit levels will not be reached.Investors believe that the impact of Brexit will be limited to the British real estate market and will not significantly affect investments in the rest of the EU:To the question of which alternative sectors can be attractive for investors, the most frequent answers are: Accommodation for students,hotels,nursing homes,shared service offices.Germany, the United Kingdom and Spain are the three most attractive European countries to invest.

The purpose of education is to not continually repeat mistakes.

There could be many economic factors that could adversely affect real estate, even if not in the long run, but all it takes for many investors a 1-2 years of losing money before they have to let a property go. - based on all that, and much more, yes, it pays to have reserves and remain liquid.

Will this method of financing affect a delayed financing refi in my name after the property has been rehabbed?

All I'm literally going to do is repeat what the others have already said.

Repeat Is this worth doing?

This is a key question and will greatly affect they type of loan you can get.

It does not affect the new loan approval to have that additional interest and even the late fee show on the payoff statement.