HOA voted to allow rentals!

[Josh Mitchell]

The association for my primary home, which is a condo, just voted and passed on the ability to rent the condo's out (atleast 15% of them). Wanting and looking for ways to continue to grow my portfolio, I thought this would be a good opportunity for my wife and I to do just that. I am taking @Brandon Turner "house hacking" method, but doing it a different way. Instead of living at the home, and renting rooms, we have decided that we are going to rent out our 2/2 condo (which will rent for $1,300-$1,700/mo) and just rent a 1/1 apartment for a year. After running the numbers, we will be able to cut our housing expense down $200-$450/mo, which just means more money to invest with!