Re-classifying a home from a duplex to a single-family.

[Ryan Cleary]

So, this may be an unpopular opinion on a real estate investing forum, however, I am in contract to purchase a beautiful home as a primary residence. I will live there to fulfill the residency requirements and then utilize the property as a STR in an area very friendly to investors with great regulations already in place.

The property is zoned as a duplex but has been opened up for years as a single-family and frankly will never make sense as a duplex.  There is only one kitchen, and converting back will be expensive with an awkward layout plus a terrible parking situation that could develop.

Also, financing in the area would be 15% down with a 2 family loan or 5% down with a single-family loan.  

The only way for this deal to work out is if we are somehow able to get a single-family appraisal.  I reached out to the building department and unfortunately their contact wont be in until Wednesday.  I know this situation is highly dependent on the town but if anyone has any insight it would be greatly appreciated!