In addition, the lender is going to incur costs including losses do to the time value of money if you stop paying and they have to take the property back.

I own a brokerage in Boston and have lived in St Pete, FL the last 8 years.  

I am looking to do my first BRRRR that I do not live in as a primary residence.

Now, it would likely be putting additional use and wear on the sump pump, and it is reasonable to ask them to stop.

I currently owe a mixed use property which has a commercial on the first floor and two residential units on the upper floors, i live in one of residential unit so that would consider an owner occupied property.

@Jingwen Dunford It's also common to have the waterfall structure of an operating agreement define any excess cash over the preferred return as return of capital in addition to capital events such as a refi or sale.

I live in FL but do all my investing OOS , avg 15- 20% NET caps based on cash purchases. 

Usually, you can get a good sense by simply walking through the home to see how they are living in it. 

In exchange, the former homeowner lives in the home until their death rent-free.

You guys could exclude up to $500k if you lived there for 2 years.