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Updated almost 3 years ago,
Can I evict tenants?
Hey everyone.
I'm looking to buy a duplex in Knoxville, TN. I'm leaning toward house hacking it and would prefer to get an FHA loan for the lower up front down payment since it will be my primary residence.
Both units (3 bed 1.5 bath) are rented out for $800 in a market where rent is $1200-$1500. So I have a couple of questions:
1) Do I need to have cause for evicting the tenant out of one of the units (more than the cause that I want to live in it)?
2) With the tenants in the other unit, should I raise the rent to match market value? Or evict them as well and start new?
3) Am I even able to acquire an FHA loan if I'm unable to move in as soon as I purchase (thinking about the eviction timeline)?
Thanks!