If my assumption is correct and he is only planning to live overseas for a short period of time then I doubt the bank even knows that he is not currently using the home as a primary residence. 

Their HELOC rate is prime - 0.25% up to 80% LTV for primary resident.

This individual states that if we own a primary property that we reside in, we cannot for any reason buy a rental property and alternatively live in one of these units and put our primary residence up for rent and have it considered owner-occupied because we already own one property.

Other issue is after driving thru the park the place looks like everything was rigged together by the residents.

I have identified a foreclosure that I want to jump on for my primary residence.

I just bought my current primary residence just under two years ago, so moving is not an option.

Likely 1 primary residence then 9 rental properties.After that i'd suggest using additional capital leftover to purchase commercial properties as opposed to paying off those residential mortgages early.

This one would be considered an investment property and the other one would be considered my residence.

Hi Nicki,I currently reside in Hamilton Cty and work in Marion Cty.

In my first target market, my home state of SC, high NOO property taxes kill an unfortunate amount of deals.I own my primary residence in CA and got lucky purchasing it in 2009 when there were foreclosures everywhere.