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Updated almost 3 years ago,
Owner occupancy rules - STR
I am working out of town for months at a time and would like to buy a property back home with an FHA for the low down payment. While I am away I would like to rent the property as a STR, having family help with the management.
Is there owner occupancy requirements that would prevent me from doing this?
The property would remain my primary residence on paper while I am working these contract positions out of town for 3+ months at a time, I just would not be physically present for the entire 12 months.
This would be my first investment property so please excuse the Newbie question!
Thank you!
-Brian