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Investors & landlords
And be sure to inform the mortgage lender of the change in ownership, even though they can't invoke a due-on-sale clause. And be sure to inform the insurance carrier not only of the change in ownership, but of the fact that you intend to begin renting out rooms.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎November 8, 2020
2:19 PM