Cons: we live 7 hours away from the property and would have to find a property manager.

Hello Bigger Pockets Community,I was interested in investing in a long term rental property in the near future, but live in Miami Fl.

Purchase price: $134,000 Cash invested: $44,280 This was a perfect house hack with buying a home as a primary residence using a 10% down conventional loan and renovating while living in it for about a year.

Purchase price: $134,000 Cash invested: $44,280 This was a perfect house hack with buying a home as a primary residence using a 10% down conventional loan and renovating while living in it for about a year.

I plan on living in it for at least the first year to qualify for FHA, so it would be in Colorado Springs where I live and work currently.

Two of our kids were living in the area and both were renting, we thought this property would be better for them than where they’re current locations.

There is not a time limit for how long it has to be owner occupied but the intent must be to live in it.

I live in Virginia where I reached out to a home owner who lives in another state who has a house that has been unoccupied for over a year.

Meg Ryan lived next door even LOL.

You gotta live somewhere.