Buy a starter home you would confidently rent within 5 to 7 yr, then use equity and income growth to move later.
Owner-occupant financing may offer a lower rate and smaller down payment than investment loans, if lender occupancy requirements are satisfied first before conversion.
Before buying, have an attorney review local covenants, because HOAs or coops may prohibit rentals or limit how long units can rent.
Some investors ask for contract assignment rights, creating flexibility to exit or transfer a deal before closing if market conditions shift before funding.
Set the LLC structure before closing when possible; moving property later can trigger due-on-sale risks and costly fixes with lenders or servicers.
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