Found a duplex, what questions should i ask

[Comfort S.]

hello BP world, my name is Comfort, i recently relocated to Atlanta about 6 months ago, besides the crazy humidity and horrible traffic situation here, i like it so far.. i joined BP just 2 months ago and i have been in the background just reading and digesting as much information as i could so this is my very first post :) .before i start i just want to give a shout out to each and everyone of you who often take time out of their very busy schedules to answer questions on here( that's what amazes me about BP) so kudos to you guys, i appreciate that!!

so, besides the formal training in REI i have, i attended 2 of @Brandon Turner's webinars and just bought @JScott's book on flipping( i'm excited), i'm so ready to dive in with both legs cos i don't want to be a victim of analysis paralysis!!. today my agent sent me a nice duplex that i really like, (haven't seen it yet, but i l viewed it via virtual map), my plan is to house hack,(i'm currently paying $1200/month in rent at an apartment & i kick myself every month cos that could comfortably pay a mortgage lol so am in the process of analyzing this property and i will want to use FHA loans for it cos of the PRO's i read about it, you know lower DP and all.. i have a FT job, am also a home stager, and i plan to do a few flips as well.

My questions are:

1. what are the specific questions i need to ask( especially to my agent) about this to be sure its a good property?

2. how do i go about getting approved for this FHA loan? is it as simple as working into any bank and apply?

3. i would want to do a little rehab on it to my standard before i move in, say kitchen, floors etc( both units are currently rented on a month to month basis) so will FHA 203k loan work? if yes what does it entail?

4. my current lease wont expire till December!! how do i handle this?( i do not want to break my lease as i like to maintain an awesome rental record i have over the years lol) so what do i do? cos i know with FHA, it must be owner occupied, and i want to occupy it but not until my current lease is up, is there a way around it? any advice on this?

5. how do i know how much i should offer on this property (without an inspection?) i assume i wont be allowed to have it inspected except if i make an offer and it gets accepted? i may be wrong

i will also appreciate any and every tips/inputs on this. thanks so much in advance.

have an awesome Monday everyone!!

Comfort..