@David Song They are ok now and not likely to get flooded there.

My issue is understanding what if/any implications exist for going the Conventional Loan route and the lender attaching a "Second Home Rider" in the loan agreement.  

Follow the lease to the letter, As Alice Coopers song went "no more mr Nice Guy" is my new motto.I have a challenging tenant myself, inherited and Im in the final stages of eviction (this tenant is a pro - knows the laws and has played the game well).

Start with the most convenient and if they are not what you are looking for go down the list. 

@David Song I don't follow.  

@Roy whats your reason for going the condo route?

You both have some fantastic points and I understand that the overlap between tech hubs and cashflow markets is quite minimal (as tech markets tend to be appreciation markets).Here's a harder follow up question that I'm now struggling with: Is it worth forgoing salary/job opportunities to live in a cashflow market (like KC, Indy, etc.)?

Todd, what was the reasoning for going with a 504 offering?

Yikes.You can lead a horse to water, but if they won't drink, there's not much more to be done except be there later to help her out when she has to sell the propertiez for a song because deferred maintenance has sucked all the value and rental potental out.

PVA knows nothing about it and I’m trying not to draw to much attention to it I would like to get the house for a few songs not an opera