Just to be safe I would have an extra "renter insurance" notice that your renter's sign that says you recommend getting flood insurance so you are covered.

If it's a great deal, you could get extra back.Also one thing to mention, I'm not 100% on this but if you refinance using a owner occupy product you will be required to live in the property another year.

3 Reasons this can't be replicated making extra payments on a traditional 30 Year Fixed:1.

I charge extra for people to watch me3.

Post an ad on Craigslist or something, it's not that hard to measure out and paint lines, you could even tell you're manager you'll give him $150 to do it if he wants the extra money. 

Im looking at doing a refi on my primary to do down payment and up dating on a rental...once updates complete on rental should rent for 800 leaving  400 a month cashflow...my thoughts are to build up 6 months of rent for problems arising on the rental..then pay myself back putting the extra dollars to paying off my primary home quicker 

I’ve been interested in long term rental property investing for a while now and have worked out a plan of action that I wanted to get some feedback on.My wife and I would like to buy and rehab a property that has an “extra” guest/mother in law house on the property we could live in for the first year in order to take advantage of the easier funding on a 203(k) loan while renting out the on-site guest house as an STR before potentially transitioning to a longer term rental when we are ready to move out.

And yes, all those extra fees are real. 

Before Obamacare, I self paid all doctor visits, medicines, etc. and carried a low cost catastrophic plan to cover hospitalizations, surgeries, etc.

Still looking for "THE" bank, prior experience in banking has made me extra particular in the qualities I prefer in my lenders.Thankfully I am under contract so I've used this time to think strategy some more.