(Mortgage+HOA fee + Utilities) - (Rent) = ~$250~ a month out of my pocket to live with my good friends.

(Mortgage+HOA fee + Utilities) - (Rent) = ~$250~ a month out of my pocket to live with my good friends.

(Mortgage+HOA fee + Utilities) - (Rent) = ~$250~ a month out of my pocket to live with my good friends.

I think the only other similar option would be to decided to rent out rooms specifically and use the rest of the house as common areas...

(Mortgage+HOA fee + Utilities) - (Rent) = ~$250~ a month out of my pocket to live with my good friends.

A common scenario involves a VA homeowner who has to relocate to a new duty station but wants to keep and rent out his or her primary residence.

I own the main parcels (80% of the land with the utilities--appraised at $450k); he owns the other 20% ($116k), which is a split off a multifamily property he has.

Our next step is to find out if vacant or not (our realtor seems to think is occupied), offer a small $ incentive to said tenants to move out in a nice and tidy fashion as to avoid damage to the property (if not, start the eviction process), get utilities changed in our name, get title insurance (via taxtitleservices) /clear the title, then work on the rehab :). 

This story is so common that everyone can just copy and paste what you just posted. 

Regardless, the Board adopted regulations that all but eliminated our options to rent the place, including a proposed $250 fee per rental for "administrative costs" and requirements that renters sign an extensive agreement about what they could and could not do on the condo common grounds.