I would also think that you can leave it empty, with your address on it and stay there once a week, etc.

stay in business running their businesses this way? 

@Lena Wang- 30 seconds analysis is stay away, start local and see how far your money takes you.

I'm married, but my wife is staying home with our baby. 

@Ceasar Rosas My plan is to buy the first one live in it until I have enough capital built for the next DP, then as long as there’s no rule saying I have to stay in the first residence for X amount of time, I would occupy the second prop and fully rent the first.

So here it goes:1) Single with no wife or children: House hack with an FHA loan, lower down payment which lets you be able to use the other cash left to leverage for another property. 2) Single but engaged or Married with no children: House hack again with an FHA loan, but move out once the 1 year stay requirement is over, and rent the other unit out.

Primary you can cash out up to 80% but it always to stay lower and see what will be difference in interest rate.

The opportunity cost of letting them stay is very important to consider.

This way you can afford to stay in the nicest hotels  and eat at great restaurants. 

I figure that the lawyer is going to go after the husband to make sure that the wife and children can stay in the house.