I bought a time share in the Berkshires (MA) back in 2014, I never use it (I prefer airbnb) and now I'm stuck paying the maintenance fees. 

The purpose of the notice is to protect you and your asset(s) from any sort of penalty."

You have to build relationships with the asset manager at the banks.

Therefore his preferences regarding tenancy are much more personal and don't necessarily come from just the business perspective. 

Define what type of asset you are trying to buy, area, size of property, price point, etc.Your question is too broad.

For that matter, I have yet to see anything on the MLS (I haven't found a good source of off-market opportunities yet) with a cash ROI above a 10-year treasury bond (once all costs are taken into account).I'm already heavily invested in other non-RE assets (stocks, bonds, etc.) so for me to go in on a property that needs rehab, management, etc., it better be worth the extra hassle.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

That is if you are going with MF type assets.

@Spencer Harvey I know people have reasons for why they prefer a HELOC but I tend to stay away.

In today's current lending environment, no matter where the asset is, a line of credit on an investment property, through a conventional lender, is almost near impossible to obtain.