Best to change the locks anyway to eliminate any risk or perception of risk with the prior owners (or prior residents).

The intent of FHA was to promote primary residence home ownership not investing portfolio building so they put this rule into place.100 Mile rule basically says that you cannot use rental income offset from a lease agreement on your current house to help you qualify for the next property when using FHA loan to qualify.How do you get around this?

We might move back to the East Coast in 4-5 years, so I’m looking for investments that can work well as a primary residence now and a rental property later.Income: Both my girlfriend and I have solid tech salaries (150k+ each).Current Portfolio: I don’t currently own any rental properties.Goal & Long Term Plan: I don’t love my current job so like many of you, I would like to create enough passive income through rental properties to have financial freedom and be able to work business ideas or side projects.

is this loan secured by your primary residence as a HELOC  or are you borrowing against your stock/bond portfolio ?

Investment Info:Single-family residence buy & hold investment.

Good to know about bigger buildings and more amenities having more rules, that makes total sense to protect the full time residents.

Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

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

(to keep things simple)Property was primary residence for Person A from original purchase until 01/2020.

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