From the tenant's pov, I don't see why a conventional lender would have issues with a tenant buying the property as a primary that they've been living in.Cheers!

A Heloc on my primary residence was where I started, and I was able to use all my own money. 

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

We do them, but they aren't cheap and your LTV will be lower that a HELOC on a primary residence.

It's not like people won't know that the property isn't in a flood zone; if they finance it through traditional financing then the lender would most likely require that they carry flood insurance. 

It's an investment into the property, and if/when they move out or even if they're there you can now add a traditional dryer to the property and collect additional rent.

Buying your primary home first allows for stability before investments, but may require higher down payments and stricter approval criteria.

Purchase price: $260,000 Cash invested: $52,000 This gem of a condo caught my eye, despite the fact that I traditionally believed condos weren't as great an investment as single family homes.

Specific Questions.With a long term one year lease term, with month to month terms after, how difficult is the process to "force" the Tennent out if needed to move into the property as our primary residence.  

But I guess some tenants may want to do that instead of putting a traditional large deposit down.