Conventional guidelines occupancy requirements are that you’re able to occupy the property for some portion of the year, during the first year.

We worked with a lawyer over there who is a US ex-pat who created and registered a local LLC for us, which owns our properties.

I have several duplexes and small multifamily properties in the area and they have been great investments.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

Had the proceeds from my previous sold property.

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

Before listing the property, we were using it for ourselves and our family and friends.

This impressive 7,000 square foot property is situated in an upscale Boston neighborhood.

Acting quickly, I viewed the property within 24 hours of its listing and submitted a full-price offer of $295,000 within 48 hours.

More properties but more debt.