I’ve had my condo for 4mo and just got a great opportunity to go travel for 3mo. Since it’s less than 12mo since purchasing, am I allowed to rent it while gone? Any workarounds that I can do to ensure it’s not wasting space/empty?

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Depending on the location I would personally airbnb it out rather than fixed X month rental agreements

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Vp1 - sure! Probably easier to chat directly. Where is the property located?

You should be fine to rent it. I have my friend who is my loan officer. He was like just be discrete about it and you should be fine! Just make sure all of your documents are shared online so there is no issues with usps, the rest of mail can be left on hold at usps

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^ this OP

Sounds like you are just house hacking/having a roommate who will be there while you are gone. As long as you aren’t changing your mailing/permanent address, you should be fine. Use Furnished Finders and find a travel nurse. You can even keep your bedroom door locked and inaccessible so you aren’t renting out the whole house.

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This is the best option!

That depends on your loan docs and the opportunity. You may want to get in touch with your loan officer / broker to get their unofficial opinion before you call the bank servicing the loan. Depending on how “official” the opportunity to travel is, it might be allowed.

No do not contact the loan officer. They will tell you not to rent or sublease your place because of the time frame. They can also come after you for mortgage fraud. Please do not get on their radar!

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Also make sure either the condo association is OK with it or your descrete

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5. Have another business generating revenue to offset this.

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