Newport has a minimum stay limit I think which impacts summer rentals.

I'm aware that this is probably a profoundly stupid question to ask, but why would buying from owners who don't have much equity in their property be discouraged?

Bill GulleyWould it be too flippant if I were to point out the government shutdown has has no impact on our operations ;)

Leverage up with low rates and enjoy the benefits of depreciation to reduce the tax impact of the positive cash flow.Also - I think the pool of residential renters will be 'high' for a long time due to people's credit damage from the housing bust.

Over time I hope to have a positive impact on the BP community.

When those business relationships get sticky, the personal impact can be exponential.While both of you may want to help this guy with a place to live, I would say do not expose yourself to that level of risk and jeopardize your relationship with your manager for a few months of pre-paid rent.If he has that kind of money (I'm curious to know the source… is it student loan funds?)

That means you can't just take one of your business structures into play without looking at everything else that may impact your personal return.

Make sure you fully understand the impacts of this before you default on your condo mortgage.

Contractually you should stay close to local custom, doesn't mean you can't get creative or have special provisions but getting too far away can have a negative impact.

Not allowing you to come on the property for this limited item now will impact them later.