The following excerpt is from an article describing the rules surrounding qualifying for an FHA loan for a duplex, which as of now is my strategy to enter the REI world:"After a year of living in the home, you can legally move out and rent the property.

Not just you specifically, but anyone who is thinking of entering the short-term rental biz. 

But I question if it is wise to enter the market right now when so many people are looking to buy personal homes.

I think I need to clarify that I’m not having trouble finding the individual data that I need.

The units are being sold individually and are great for buy and hold investors as well as small business owners that want to work where they live.

Besides painters, I have found carpet layers are the most stoned individuals within the construction trade.

The reasoning that was shared is that there is not currently any means to have the renter enter into an agreement with the HOA and there would be uncovered liability. 

I am interested in entering into a partnership with a friend to purchase real estate for long term land lording.

Each of these variables will dramatically change the advice I give the individual asking me this question.

Each of these variables will dramatically change the advice I give the individual asking me this question.