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Updated about 8 years ago,
FHA Loan on a fully occupied duplex
Hello everyone,
There is a duplex available in my area with both units currently rented out. My intent is to house hack this property. One of the tenants is on a month to month lease and the other is on a year lease ending in 6 months. My question is, is there anyway I can structure the deal with FHA financing if the month to month tenant is provided a notice to vacate 30 days after the close? From my understanding I would need to occupy the home within 60 days of close. So what happens if the tenant is difficult and refuses to move out and I am forced to evict them? Any help on this issue would be appreciated.