FHA LOAN AND FULLY OCCUPIED UNITS

[Denise Hoitt]

We may be purchasing a building that is fully occupied with an FHA loan. Using FHA means that we will have to owner occupy. I have been trying to find information on process/guidelines on what to do if the units are full. All tenants are M2M. Can anyone point me in the right direction to look for this information. Do we need to inform the tenant that we will no longer rent and give 30 days? Is it part of the purchasing contract and that the seller is responsible for removing the tenant? Any help would be appreciated.