The trailer can still be there the rest of the time, but it isn't supposed to be occupied.But, the county doesn't keep track of these occupancy rates, so as long as the neighbors don't complain, full time rental shouldn't be a problem.

We are just starting to hold some properties as rentals..Have one rented - accepting applications on a second...My question is -- I have read and heard of a 2 person per bedroom occupancy regulation...

For folks committing occupancy fraud (which I'm sure you aren't, but there are lurkers reading this too) LTV of other recently purchased properties can be a give-away.

I agree with Erin, and will add: one of our clients had this as a condition of closing on the loan, since they were going to be owner occupants.

The fact that you know both properties are being taken care of and the occupants are very low maintenance is something to be considered.I think you should raise rents and you should not feel bad about it.  

@Bryan Wilson And yes, FHA loans are assumable, but in addition to qualifying for the mtg, you Must be purchasing as an owner occupant, not as an investment property, if you weren't aware.

When a landlord begins to look for a tenant with less than a month to occupancy the quality of applicants drops drastically.

Good luck with your deal and NO WAY I'd let this buyer take early occupancy.

After analyzing many deals in the greater boston area, from quincy to waltham to east boston, I personally saw that it will be tough to cash flow positive when being an owner occupant.

(a) Prohibited conversions. (1) Except as otherwise specified in this section, in all districts: (i) no building used as a single-family dwelling may be altered or changed to be used for occupancy by more than 1 family; and (ii) no building used as a two-family dwelling may be altered or changed to be used for occupancy by more than 2 families.(2) For purposes of this subsection, an empty building is considered to be a single-family dwelling unless it was last lawfully used, in compliance with the normal bulk requirements of the district in which it is located, as a dwelling for 2 or more families.