House Hacking.

You buy a house with these numbers:Purchase: 100kRehab: 75kARV: 260kGreat deal right? 

Target sellers, especially multifamily and distressed property owners.

Russell, the property owners terms of note secured by the real property, unless in foreclosure, have little to do with the tenants obligation. 

This does require owner occupancy of both units for at least a year for condo application submission, but also assumes a number of other things including that nothing was performed with respect to prior historical tenancies that would disqualify you from a condo conversion.While the aforementioned would be ideal, it would be all for naught if Planning determines that if at any one time the ground floor was rented in the past.

I currently live in Silicon Valley but house prices aren't feasible for me here.

Negotiate realtor fees or consider selling For Sale By Owner (FSBO) to save more.

If you have excellent credit and can qualify for a bank loan mortgage, then buying as an owner occupant and working on it as you go can be a good way to get started.

Preamble:  We don't announce that we are the owners, we don't hide it, but it never comes up.  

These changes aim to prevent future tragedies but have also led to increased financial burdens on condo owners, as maintenance fees are expected to rise significantly.Insurance Costs:In addition to legislative pressures, Florida condo associations are facing skyrocketing insurance costs.