Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.

Additionally, you may just want to ask your tenant to be mindful of the other residents by using some form of air freshener or scented candles etc. you would be surprised what a conversation can do, maybe you'll get a more favorable result.Best Chris

Investment Info:Single-family residence fix & flip investment.

I currently live in a single-family primary residence.

Welcome to BP fellow NYC resident!

Yes, most lenders will require you to live in a primary residence before moving out, refinancing, or converting into a rental.

Look into how your county handles properties of deceased residents who pass without a will or trust.  

HI Guenevere, You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

We've gotten great residents who we met despite their original search on FF being way below market.

I still may proceed as it’s my primary residence so the negative equity portion is not my primary goal but it remains a good argument against.