Hello I needed some advice about my idea. I am located in new york city. I am looking to buy a condo or apartment in nyc five borough area or any neighbouring counties( Long Island, Westchester). The reason is because...

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

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

Quote from @Jason Ghent: Hi everyone,For the FHA, what about the case where you live in the primary residence but just rent out the remaining rooms?

Quote from @Jeffery Campbell: Investment Info:Single-family residence fix & flip investment.

That feature is bundled in a Resident Benefits Package I have as an addon through Second Nature. 

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.

How long must you wait before being able to rent out a primary residence property from a lending perspective?

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

Welcome to BP fellow NYC resident!