Home Health Care House Hack
Hello everyone! The home health care house hack (HHCHH) discussed on BPP 359 has rocked my world. I am looking for any advice anyone has, but I also have a specific concern.
I live in Logan, Utah, which is a college town through and through. The current occupancy laws state that a dwelling cannot have more than 3 unrelated persons in the dwelling. If I want to get an FHA loan and live in the home for a year while doing the HHCHH, this poses a problem. Does anyone have any suggestions about how to get around this law or does anyone have any experience?
I'd also like this to end up as a discussion of the pros and cons that people see. I am a new investor, I haven't bought any real estate in my life. I am 26 and newly married, and now wishing I would have discovered BP when I graduated from High School. I hope that this can not only be informative for myself, but could end up as a good resource for others who are looking into this strategy going forward. I searched the subject and found a few threads, but nothing very comprehensive to me. Thank you for any advice in advance!