I'd bet it all that it does.

I bet I've not written a dozen checks in the last five years.

You can't legally purchase the property during the owner occupant period (the first 15 days) until you plan to owner occupy the property for at least 1 year.If there was a legal way around this, you can bet that we'd all be doing it already...

Some will tell you to never bet on future appreciation.John Corey

In such an arrangement, the trustee cannot take any action without the written consent of all the beneficiaries.It's a little like you and I making a bet on the Super Bowl.

I bet you will since you were improving your personal residence.Run the numbers as if you were purchasing this property today and had no equity in it.

I'm trying to find out what they are planning to do with it.I'd bet they plan on selling it "for the highest possible price within the shortest possible time".

I bet young people flock to him.

Bet some sucker is paying 150 so I doubt it'll come back to me but now I'm in top dollar of what I was willing to pay. uuuggghhh!

In your situation, I would think using $20k down on a rental that will positive cash flow FOR SURE would be a safer bet and accomplish a similar result.