Definitely research the declarations and bylaws of any townhome/condo you're considering before you get too far down the road. 

If you declare that it'll be a primary residence: you have to move in within 2 months, and live there for a year.If you declare that it'll  be an investment property: you cannot move in within one year.After a year of living there or not living there for a year, depending on what you  promised at the closing table, you can do what you wish with it.

Also, they may have been declared dead later in an ER, which means some did not die in the house but in a hospital. 

I still live with my parents so we were thinking of declaring the first property as a personal home and the second home as a vacation home.

@Rich HupperAny type of real estate, but residential is full of land mines saying "rent to own" an option longer than 12 months tax accounting requirements, determination of sale on any type of real property transaction, there are ways to avoid that by declaring the buyer isn't really buying, they look to intent, not your contract so much.It's usually about a property you own and want to sell, but today it's going to be more difficult dodging the predatory issues, keep it simple, give an option at it's true value, not some arbitrary number trying to get rich off one deal.

Try muscling in on the local carpentry scene in a country where you don't look like the locals.  

So we have a Declaration that says the first set of the 3 elected Directors (after the initial builder appointed Directors) will serve 2, 1, and 1 years.

This declares you an agent to anyone who sees it, and everyone looks at nametags.

The borel associates website posted mentions a written election is to be made to declare interest on Schedule E rather than Sch A. 

He thought about it for 5 seconds and decided to close out the case and gave me another writ of possession declaring they owe me no money ( they filed bankruptcy which started this whole thing).