Why we can't rent...
"Real quick answer.....the homeowners MUST live in the house. You may "allow" other people to live with you but the owner of the home must be in residence.Your exact proposal / model was in place next to my townhouse for over 2 years with Ashley living in it with 3 girlfriends from Messiah and charging them rent.It worked because the home owner was in residence and the township never found out......the association was always "against" wholesale renting such as you are proposing...especially with an eye to prevent Messiah college students ect from making group homes. Upper Allen twp has..likewise...provisions against groups of students renting off campus. There are several landlords with students that are apparently being Grandfathered and continue to rent to students but this is kind rare...FURTHER complicating your idea is a township ordinance already in place for a couple years stating that groups of students cannot be within 400 feet of another rental or group of same. I am quite sure there is just such a townhouse just up from yours near the corner of high street. Again....in a nutshell.....I think you may encounter resistance from the township for sure......"
This is the explanation that our association president gave us for why we're not allowed to rent. We are considering selling the place and buying something in MD or perhaps buying another house here in PA to rent out. Here's where you guys come in...
Do you know anyone that could keep an eye out for a fixer-upper that we could buy at a lower price tag and make improvements on? Maybe a realtor or just someone that has a good eye for houses? It doesn't even need to necessarily be "liveable" to start off with. We could live with my mom while we made the needed improvements to the house before we actually moved in. Or if Laurie takes a travel nursing job, they will pay for an apartment for us until we can make it liveable.
The only thing that we would want is to make sure the house is structurally sound, no bug infestations, etc. and that it is in an area that has the potential to increase in value. We have found a few townhomes in downtown annapolis (not the historic district) that are within our price range. We also found a few places on the other side of the Bay Bridge that are also in our price range and have a decent amount of land to them. That would require $2.50 every time we crossed the bridge but if we could get a house for a more affordable price, it might be worth it.
So, anyone have any comments, connections, or advice on what to do?
Matt and Laurie
