The purpose of an owner occupant loan is to allow you to purchase a property that you make your primary residence -- you live there, you get your mail there, you're registered to vote there, etc.While you might get away with it, here are some things to consider:- You have another lease, so you'd have to explain why you had 11 months left on a lease and then bought a primary residence;- It's an unfinished area, nobody is likely to believe you live there vs an apartment you also have control of;- You've posted in a public Internet forum, presumably with your real name, that you're considering breaking the law.Then there are the code violations of pretending your living in an unzoned space, which may or may not impact your loan status.

As a result, they learn they can't get away with dishonesty or threats and hopefully that saves someone else from a similar experience with that person.$6500 is quite expensive in my book for a new unit.

If trouble comes your way, all you need is to get away.

First time home buyer homes sell year round in our market but people moving up typically do not sell as well year round since these buyers have children and want to move in the summer.

I guess, I've grown accustom to no-vacancy (except for the cursed 3-bdrm duplex)The trade-off is you will work to find properties with cash-on-cash >10 and CAP >7 ... and will run out and purchase lottery tickets if you find a CAP >10 ... things are "fully priced" around here ... to the point that I've begun looking for deals in the neighbouring city of Saint John.

With unemployment in Orange County at 6.3% and going down, perfect year round weather in so cal, and everything else that southern California has to offer, it's one of the best places in the country to own property.

For example I would recommend an app like LandlordApp to keep you organized and a rent pay system that they can pay online instead of you rounding up checks.

It's not that they can't pay, it's just that they don't want to.I have to nicely remind them of the consequences of being a deadbeat, as some are so naive they think they can get away with it unscathed.

Yes it is going to keep me from helping my folks out once I use all my down payment to get away from here.

They are looking at doing another round of BRAC (base closures) here in the next couple years (so they say) so you need to determine the solvency of the bases you are looking at purchasing around because depending on the mission it could go away.