I have separated in my mind that for HMDA reporting, I can purchase my primary, I can purchase my secondary, I can purchase someone else's primary (rental), but it's not reportable if I purchase someone else's secondary because it would either be 1) transitory (many people's secondary) OR 2) a gift. Am I way off base?
If I have to rent my second home, isn't it the same as a hotel/timeshare?