The mortgage holders are going to pay the HOA in virtually every case, and it's extremely rare that they would 'wipe out' the mortgage.

It may drag between 0 and -$250 in negative cash flow but we want the option to move back as well as it's in a high rent area so if we can see it through to payoff (we are long term holders) it's a cash cow in retirement and it'll be paid off in our fifties.Here's the plan we've been hatching:1. use an 80/10/10 to buy an SFR in Colorado as new primary residence - keeping an eye on the 1% rule but knowing that this won't be a rental for at least 2 years, the reason we wouldn't be putting more down is houses are in the $350-450k range and we want to reserve enough cash to stay on track for #2 below. the piggyback would let us avoid PMI but also pay off the balance at our leisure with the added bonus of keeping a HELOC open as well. 2.

I have a second position mortgage deed (I am the lender) on a property in FL but the Mortgagee and the contract holder is in CA.

There are many investors in BP as you mentioned  who are active duty and w-2 job holders with similar time constraints investing actively/passively.

So, if there is a 2nd lien, that also implies the 2nd lien holder has approved the short sale or, you don't have an approved short sale.

Section 8 or the voucher program is based on qualified already approved voucher holders.  

You would be the borrower, though, not the note holder/lender.

The question I had was this: how long would I need to house hack the property (or in other words, have it as my Primary Residence) before I could turn it into a full time rental without risking the ire of the bank/loan holder if purchased with an FHA loan or a conventional loan?

After a year long battle, on July 30, 2018 Columbus city Council passed legislation that allows non-owner occupied permit holders to operate 365 days a year, and own and operate as many short term rentals as they want.

Found out she owed $50,000 on it to a private note holder.