> how someone can float a mortgage, much less an investment mortgage, without a renter. They probably have an owner-occupied residential mortgage that the bank

> how someone can float a mortgage, much less an investment mortgage, without a renter. They probably have an owner-occupied residential mortgage that the bank (/note purchaser) hasn't called them on. Declaring that you're residing in one unit (either falsely or temporarily) seems to be a pretty popular technique for buying rental real estate. If the mortgage was taken out during the past two decades of ZIRP, then the rate is still fixed at something very low and most of that monthly payment they're "floating" is effectively just going towards the principle as a mandatory savings account.