The only times this makes sense is if you are in a really hot market, especially seasonal ones where you might have 100% occupancy for the summer months or something.

I purchase my 1st multi family in Durham last sept, I was debating between str and long term, I went with str and I am loving it so far. my dec occupancy is Unit one 2b1b: 82%unit 2 studio: 79% So far so good and already thinking of getting another one in 2025 🤤 These are great numbers for this time of year!

Wondering about investing and then filling the park up to get to full occupancy. 

Occupancies which were 70% or so precovid were hitting 90% and higher. 

Average occupancy at time of sale this year was about 50%.

They have had 100% occupancy at market rates and currently bring in around $2,000 per month in cash flow.

If he qualifies, create a new lease with all adult occupants (and a sublet provision) and get it signed and place it in a known location.good luck 

I can think of a couple of seemingly great reasons to stay in the deal, which would be 1) they'd get a portion of the rent we'd be paying to live there (again, I assume this would be split 2:1:1), and 2) if we live in the house for a couple of years, couldn't we sell it tax-free, since we would be owner-occupants?

Condo board really wants owner occupants.  

They will mostly just split their occupancy rates on multiple platforms without getting too much benefits out of it.