Work backward from your intended use.
An investment purchase starts with permission and numbers, not projected rent. Compare actual written use rules, unit condition and an expense scenario that includes vacancy, management and unexpected building work.
Three checks that change the answer.
Confirm rental terms in current written rules.
Check whether a unit-specific restriction or lease exists.
Model a period with no tenant.
Verify the planned use
Request the declaration and current amendments for the exact residence. Confirm minimum lease term, approval requirements and any legal or lender limits before underwriting an income case.
- Confirm rental terms in current written rules.
- Check whether a unit-specific restriction or lease exists.
- Request professional advice for the intended use.
Stress-test the carrying cost
Use a sensitivity table with taxes, insurance, association charges, management, vacancy, repairs and assessments. Consider resale liquidity and the likely buyer pool without assuming appreciation.
- Model a period with no tenant.
- Include repair and assessment contingencies.
- Compare financed and cash scenarios separately.
Make the comparison specific.
No rent, occupancy, yield or permitted rental use is represented for any named property.
No rent, occupancy, yield or permitted rental use is represented for any named property.