While this sounds like a win, the number of cases where it is feasible are few and far between. 1) There is an application and approval process required by the bank for the loan to be transferred.

Thrive Living, in partnership with city officials, is building 800 apartments above a Costco store.

This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease.

But this would be my first short term rental property.

It's awesome to hear that you're growing and learning more every day, thanks to the incredible support and shared wisdom here.

If you don't need some of these more esoteric features, you might end up with something different than what I chose. 

Can someone help me understand this survey?

Keep in mind that each lender may have specific requirements based on your credit, income, and other factors, so you’ll want to check with them directly.I don’t do conventionals but I’d recommend reaching out to Brandon Croucier with All Loans Funding on here for those he’s really great. 

Was able to help this investor net almost $100k!!

If the unit is occupied more than half the days of a taxpayer/owner’s tax year by a tenant(s) that stays for less than 30 days, it is considered a transient basis rental.