Owner Occupy Landlord Strategies
Good Afternoon BP,
I'm currently looking into purchasing a multifamily that I intend to occupy for until I can get another property. This will be my first investment. I'm going this route because I am utilizing a VA Home Loan and whatever property I purchase needs to be my primary residence in order to qualify.
I am curious what are some of the strategies to adapt in order to avoid having to deal with tenants banging on my door every time a light bulb goes out. I plan on forming an LLC, having rental checks emailed to my work address or a PO Box, and pretty much pretending to be a fellow tenant. I'm a very forthcoming person and usually wouldn't consider these options but they might be the best way to go. In order to be successful, sometimes you have to step outside of what youre comfortable with, so I'm looking to this forum for advice.
I'm looking for people who have been in a simiar position and are willing to share some lessons learned.
Thanks for your time.
-Eric Dufault