College Student FHA Loan with Current/Future tenants

[Cade Zerr]

Hey guys,

I am a current college student who's looking into buying a duplex with an FHA loan. There is a specific off-market property who's owners I have been in contact with.

The duplex is a 4 bed 2 bath in one unit and a 1 bed 1 bath in the other. I am having troubles finding a way to make this work as it is currently leased out until the end of July 2020. As well as the owners just leased out both sides to other tenants for August 2020 through July 2021.

My question is, I believe that with an FHA you have to move in within 60 days of closing. But I'm not sure what to do with the current tenants and the future tenants.

I was thinking that the current owners may be able to pay off the 1bed unit, allowing me to move in. Or just wait to go through closing until 90 days before the lease ends.

As for the future tenants that are leased from Augusta 2020-July 2021. I’m not sure what to do. Will the lease be able to be terminated? Or will I need to pay the future tenants off?

Any help is greatly appreciated. Thank you!