The maximum occupancy permitted in a vacation rental unit is two (2) persons per bedroom larger than 100 square feet, plus one (1) person per bedroom greater than 70 square feet but less than 100 square feet, plus two (2) additional persons, or a total of eight (8) occupants, whichever is less.The homeowner must post the required information on the property.

I'm using 8 checking accounts and a savings account to manage my rentals plus 1 additional account to manage any rehab projects.

While this isn't common, I have know people that bought their first rental and when tenant moved out, had caused close to $20k in damages and skipped town after one year of living in place.  

She does not want to live in the house so we are trying to figure out a reasonable strategy for leveraging the house to buy a property that is in a more desirable location. 

So in addition to loss of the property, the investor may end up dealing with a foreclosure judgment.

The new property should have some amount of cash flow, provide additional tax benefits, and appreciate in value while having your bills paid for by the new tenants and the new rent which in my opinion would be a better return on your investment than simply recasting your loan.

Your friend should be looking for another place to live before the eviction as they can always end the MTM lease and move them out.

Hi all, Me and my wife live in our SFH full time for the past year. 

At the end of the day, as others noted, if it is already built and not taking any additional time for you, great.  

Additionally, their property management team takes care of tenant screenings and maintenance.