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Updated over 9 years ago,
Owner Occupied Financing
Hi All - I'm currently in the market for a quad. I've been approved for FHA financing, but the property must be owner occupied. I have found a great deal, however all four units are occupied. Is there any way I could pursue this deal and work out an arrangement with seller to get one of the units vacant (for example paying for tenants relocation costs)? I would imagine that there are cases of contingencies such as this in the offer, but just not sure how to go about it.
Any advice would be much appreciated!