This is why I only lend in first position.

East Ellijay = No STR AllowedDowntown Blue Ridge = No STR AllowedWhite County = Special Use Permit (YUCK) - Helen city limits is the exception, STR allowedPretty much all of the other counties are STR friendly or don't have an ordinance (Yet), but everything I'm hearing is positive, so...I'm not too worried. 

As a Banker my advice is to always have several conversations prior to and be very transparent with your Banker or Loan officer.You can use real estate to position yourself into a better or bigger home buts is like chess there are rules and you have to know in advance your next few moves. 

Before I got into this situation, I was in a position to know that it existed. 

From a liability position the previous owners get walk a way from a nuissance property and an uninsured property that could be inhabited by squatters. 

Use recouped down payment and closing costs on a single family primary residence that is similar value of the mfu so the numbers work with a 3.5% FHA (BRRRR)8. rent out other mfu unit for positive cash flow and move into primary residence9.

I mean to get to 200 a month positive what is that going to do for you.. its not going to change your life.. .and 300 negative is probably not going to affect your life either..

The outcome was very positive.

The outcome was very positive.

While most tenants might not be in a position to purchase, getting that confirmation can still add time and complexity.