The residents who are upset about beach vacation rentals are wealthy, longtime owners of million dollar real estate.

Perhaps my wife and I could scratch together $75-$100k (with savings, 401k loans, etc.) though looking at $200-$250k for a 10% to cover down payment/points/closing.Even if I could borrow the money, would you recommend a primary residence purchase in 2018?   

Trying to analyze keeping my primary residence as rental this calculation was done as a scenario to keeping my current loan the way it is.Purchased - $110,000Down Payment - $5500Taxes - $3999Minimum Rent - $1500Currently owe $89,000 and my payment is $1000I can remove PMI by paying $7000 towards principal saving quite a bit off that as well.Let me know if you need anything else.Seems like worth keeping but curious what others think as I am new to this.View report*This link comes directly from our calculators, based on information input by the member who posted.

To NOT permit any guest or invites to reside in the Premises without prior written consent of Landlord.I think this is pretty clear that by allowing another person to move in they have breached the lease.

This way you have immediately created separation and should something terrible occur and you be found liable / negligent, your primary residence and bank account are more so protected.If you purchase the property in your name, it’s a personal asset.

Your response may justifiably be "Ok then good luck, it's on you now, you aren't helping them keep a residence, why should I help you kick them out? 

I get to live in this property as a primary residence for free and have some extra cash flow every month.  

I lived in that house as my primary residence for 15 years.  

I think I pay about 300 a year for my own residence.

Everyone has different risk tolerance when investing but given that you are taking equity out of your primary residence extra caution is warranted.Hard money lenders are also an option but in that case the deal would need to be good enough to warrant the very high cost of capital.Best of luck.