If Cashflow numbers work out that could be an ideal cash on cash return on single family house

Has anyone does this, and if so how did it work out for you?

@Bill Brandt but sounds like that may just work out thank you for your answers

That didn't work out well.

The question rarely gets asked of clients because the underwriter can just look at the mailing address and the rental address.I would state that your contractor is representing you in a PM capacity. 

Hope one of these work out for you.TrustcoUS BankTD BankPenFedUnion Bank, specializes in noo HELOC, Cory K Bente on BPUtah: Americafirst 80% LTV on noo 65% LTV 15 year 5.74%80% HE 15 or 10 year 6.49 fixedFirst Florida Credit Union (Jacksonville area)1.99% for 12 months, 5.25% variable 80% CLTV 20 yr w 10 yr drawInvestment property HELOC in Texas from Hurst Lending and Insurance

I am not a licensed realtor and was wondering if what you guys thought about doing something like this or have you done something like this in the past and how did it work out for you?

I feel confident that I'll pass even if I were to take it now (I've worked in some capacity in 1031 Exchanges off and on for over 19 years), but I really do not want to have to take it more than once. 

The bad news in my case is that a year after we replaced the compressor on my 20 year old heat pump unit, it finally started to leak elseware and the heating cooling capacity diminished and we determined it was time to replace. so hopefully your compressor buys you some more time, but know that other issues can still develop.That timeframe is frustrating but relatively reasonable.

I guess it just took several months to work out all the kinks in the house which I could have avoided if I had gone through the house in more detail prior to them moving in.