We didn't have enough capital to get a short-term rental in our market, but the long-term market is strong here as well, so we bought our home with the intention of it becoming a long-term rental when we move out.

When you move in 2 years you sell it for the same price?  

If you would still like to move forward with the deal reach out to other lenders and see if their rate and closing costs are lower. 

I'd use that as some guiding principles for your questions in general.I personally think moving primary residences every few years is a fantastic way to start building a portfolio.

What are you goals in the short, mid, and long term and does the deal move you toward your investing goals. 

I am looking for a private lender to finance my rehab on an already owned, gutted property in a desirable neighborhood of the city (Upper Lawrenceville): demo complete, structural engineer sign-off, architect-approved design to move the stairs (which is not a small deal in Pittsburgh), and city permit.

Move in to it as your new primary and sell your current primary?

To do that I could cut a hole in the dry wall and turn it 90 degrees so people can use it from the hallway but there is a light switch for a nearby bathroom in the way so that would need to be moved into the bathroom as well.

Eastern KY just does have good prospects and people are moving away for better employment just down the road.

Account Closed I was a constulant in this industry for over a decade, but I work for a corporation now.