There should probably be another education section jammed in between Goals 4 and 5 on REI start up companies and everything that comes along with running it.  6) Grow my portfolio - As the years pass and i start to master the ins and outs of rental properties i will want to flex the brain muscle and expand my company.  

As per occupancy, you have to declare one of the units as your primary residence and live there for at least 12 months from my understanding.

I also recommend to do your due diligence and read the associations meeting minutes, condo declaration & by-laws, and rules and regulations. 

The only concern right now is if they are lending money to me and I am making payments back to them that it would technically be considered income they would have to declare.

Some contracts say the buyer must actually remove the financing contingency (declaring they Have the financing) for it to be removed, while contracts state a deadline by which if the buyer doesn't cancel based on the financing contingency, their deposit becomes hard.  

There was also nothing written in the declarations about rental cap restrictions; my plan was to BRRR. 

Someone may argue they lift weights to get muscles, but the muscles are only a means to an end.

(especially with the property being declared a rental)  Also, can you typically get conventional lending on a property with foundation issues?

There ARE a few creative ways around the RTO dilemma but if a court determines your activity to be skirting the RTO laws they can declare you have broken the law anyway.

The buyer usually pays for it out of the monthly payment to the seller and then the seller typically actually pays the treasurer the taxes and the insurer the insurance premium but sometimes the buyer pays the insurance premium directly to the insurer and then provides the declaration page to the seller so that he is only paying principal, interest and taxes to the seller.