What are Market Rentals??
I was recently in touch with a sales rep from a MF development comprised of Townhouses and Condos that I have been looking to invest in. I was told that the condos are designated as "Market Rental" and cannot be owner occupied. As I have stated in my previous post I am new to real estate investing and this is the first potential deal that I am seriously considering.
My goal is to purchase a condo and rent it out regardless, however I am just wondering if units being designated as "Market Rental" is a common thing in the real estate/development world. Below is an excerpt from the email I had received from the sales rep.
Also myself and this deal are located in Surrey.
PS. Can anyone tell me what is meant by the first bullet point.
Thank you!