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Updated about 3 years ago,
Using an FHA loan to buy a commercial duplex
I put an offer on a duplex that I intend to house hack. The financing is FHA. The property is zoned as commercial and used for student housing. The counter offer came back in my price range. The question now is can a commercial property be owner occupied? And if so can it still be used as student housing? And last question. At least some of the students have renewed leases for next semester. Does FHA not let me buy or can leases be broken by a sale?