Is there any requirement that I notify the lender that the property will no longer be my primary residence?

One landlord I know told me that this can send a positive signal to tenants that they will likely end up embarassed when facing eviction and it might be best for them to move out on their own.

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.- I will have them provide a copy of their tenants insurance for my records. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

There is value in each: if an owner occupant is your buyer, they will likely want it vacant.  

Hi BP, I'm looking at a few off-Market deals in Cleveland OH, this will be a new market for me.

If a tenant leaves I know I will be hit with leasing fees, TI's and vacancy. 

Additional info:- We will both live at the property and rent by the room - Loan would be in his name but has been working less than a year (100k+ salary)

They will expedite the process and make it much smoother. 

For what you are planning, both of those diagrams have a huge amount of entity structure that will need to be maintained.

Easy Street Capital will lend DSCR on up to 10 units!