Does anyone know if a home equity line on your primary residence goes against the 10 mortgages you are allowed to have? 

We planned to live in the upstairs unit while we remodeled and then move downstairs to reside in the larger unit for 3-5 years while we rent the upstairs unit.

And I wouldn't be 'denying' the service/ESA, I would deny the applicant due to health concerns for a current resident.

I will not be using property management (primary residence) but I am keeping it in the expenses in case I decide to use PM later on.Purchase Price: $470,0003.5% FHA- $16,4503 units (no rent control)Rental income: $3500 (actual) / $3800 (projected)Monthly P&I, incl. property tax: $2,825.10Total monthly expenses including vacancy, management, capex, etc. - $3,416.77Pro Forma Cap Rate: 6.06%Purchase Cap Rate: 6.15% 

For a loan on something like your own home, it would be classified as a loan on "primary residence."

Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in.

Properties with non-sufficient parking for all residents is a no go for me.

I needed to write a letter to the 'investor' who granted us a 1 year allowance to rent out the property at that point  I needed to pay off the loan or continue living there as my primary residence (well neither of those was going to happen).  

You can't do it, unless you're planning to make it your own personal residence for at least a year.Good luck!

There were loud cheers coming from the residents!