Get your copy of The Self-Managing Landlord and kickstart your journey as a powerhouse property owner.

Here are some questions that I needed to answer to make sure I am comfortable with any condo investment.Does the building allow owners to rent out?

Question is: If we decide to keep our current residence and rent it out, will the HELOC balance become due immediately once it is no longer considered our primary residence?

Privy I also am just a friend of the owner.

If you want to "rig" something up from outside your windows and all then... again you'll have to verify what your housing owners allow or not (just like a satelite dish).

But the other posters in this thread are correct, if you apply for an owner-occupied loan and never move in, you're committing fraud.

There are so many investment property owners who are only to see weak rental demand...

I have been a member for a while but finally decided to engage instead of sitting on the sidelines.I'm all about making connections, absorbing wisdom, and even exploring mentorship opportunities here.

Owner occupied or rental?

If you decide to do it, make sure you a) have tons of insurance, b) have an iron-clad, airtight contract.The obvious risk is that your arbitraging renter hits a downturn in the vacation rental market.