Do I really have to live there for a year?

[Annalisa Minetto]

I found an awesome short term rental property for sale in Daytona Beach... My question is, how would a mortgage lender know I was renting my house out on airbnb? Could I just put 3-5% down ? If not how much am I looking at having to put down? Want to have enough cash flow for mortgage payments and potentials renovations/projects.

[Corby Goade]

Quote from @Annalisa Minetto:

I found an awesome short term rental property for sale in Daytona Beach... My question is, how would a mortgage lender know I was renting my house out on airbnb? Could I just put 3-5% down ? If not how much am I looking at having to put down? Want to have enough cash flow for mortgage payments and potentials renovations/projects.

If you don't intend to live there for a year, you are commiting mortgage fraud. Not a great way to start your investing career. Talk to you lender about the clause in their contract regarding your intent for occupancy and they will give you some high level info.