Even if it's the biggest unit, you need to move into that one to satisfy the mortgage if it's liveable and then figure out how to get the tenants out.Who was your agent on this because they have not prepared you for anything? 

The biggest thing I'm seeing actually isn't his residency status, but I think you'll have the biggest issue with the value of the properties you are looking at.

The term "investor friendly" is the biggest joke!

One of my biggest questions is could I sell that second house on its own once it's built?

This is the biggest mistake we have ever made.

I think the customer service, amenities, and ability to make the stay stress-free for the guest are the biggest advantages once you are booked.

When owning a vacation rental, the biggest financial risks to you are from fire, water, and liability.A solid overnight rental insurance policy will cover you for all of these risks.

Get as much understanding and disclosure as possible on the closing fees and escrows that will show up on the settlement statement - including stuff like prepaid interest ("stub interest"), tand and insurance escrow holdbacks, etc - biggest pitfalls we've seen are people not 1000% clear and aware of these things then getting very negatively surprised at the day of signing 

What are the biggest challenges you face as a private money borrower?

I own 12-doors in Detroit and work with a ton of out-of-state (OOS) investors.The biggest key to being successful as an OOS investor is having a strong team to work with.