Primary residence question

[Jacob McCann]

Hello, BP!

I have a question, looking to buy my first house and I already got pre approved and found a potential deal I plan to make this home my primary residence, so I can put down 5%. The problem is I’ve found a off market deal and the owner wants to live in the house till he passes away (he has stage 4 cancer) so unfortunately the doctors said not long. I would buy the house and allow him to live there maybe charge him very low rent to help me pay the mortgage and still pay rent where I’m currently staying. My question is am I allowed to do this? I really do plan on making it my primary residence after he passes.