Take the equity and use it for a rental in another location and use your vacation for your primary residence.

Looking at purchase of an unoccupied distressed residence in Texas. 

How does the trust establish residency in a zero tax state like say FL so as to make the trust assets last longer for the beneficiary?

I'm looking for one for an investment property and not my principal residence.

Now if I am able to reduce the expenses to say 50%, by replacing resident management and staff with external property management, the property will cash flow nicely.However here lies the rub: in order to maintain the Section 8 subsidies there is apparently a budget which gets submitted to the Dept. of Housing and Urban Development (HUD), which accounts for all these expenses in their calculation of the Section 8 subsidies.

I will be renting this one out, so it's not going to be used as a primary residence at all.

So it's not a simple matter of, "here's my bill, cut me a check".At my rental condo, to control costs, they had resident condo owners volunteer doing chores.

It's not your tax files where you might clean them out after 10 years, they cannot be cleared out.If the HOA is out of compliance I would not buy into the unit and if there and they don't comply with your legitimate requests you'll likely have to sue them.BTW, I used to own a lot of property in Houston TX which has no zoning so everything was in an HOA, I've served on HOA boards and been president of HOAs twice including my current residence in CO.

It should include everything you need including your Resident agent for a year. 

When I purchased my property with fha I wasn’t married at the time, I got married about 4 months after I purchased my property with Fha. My question; can my wife apply for fha? She is not on the mortgage and her credi...