Closing on our first SFH next week. The plan was to live in it for a year as owner occupants, then rent it out. (We wanted to do this to take advantage of the lower borrowing rates offered to owner occupants, plus we needed a place to live anyway so it was win/win!)

Anyway, what we weren't planning on was that my fiance was offered a job across the country with a pretty nice salary increase. So we may not be able to live in it for 1 year as planned and the terms of our loan will not allow us to rent it out until 1 year has passed.

Wondering if anyone has experience with this? We don't want the house to sit idle for a year. Is it perhaps possible to refinance this as a commercial loan so that we can rent it out?