., so you can't get financing on a condotel most of the time.

Focused on flips with a brrrr exit strategy.  

Out here in AZ you're going to need to do a STR or MTR if you want to break even on a property with only ~20% down, but if you pick the right location appreciation should beat the national average. 

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

Trustor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent.Now the practical answer is no one is coming to check on the property most likely, and unless you default no one will likely care.

I make around 180k living on the west coast.

Are Days on market shortening or stretching out in the neighborhood.

My spouse negotiated with the builder on the phone and it was easy to ask for a lower price since the area was still suburban at that time.

Looks like no one hopped on this thread so I figured I'd answer.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.