I would like to get 1 LTR and 1 fix-n-flip done this year.Hey @Evan Malburg, welcome to the BP Forum!

How do you manage to get a roof done for 5k on a duplex?

We're located in Bradenton, Fl, so this property is attractive for snowbirds looking to get away for the winter months but I'm trying to figure out how to fill it the rest of the year. 

Nice job getting a good return either way!

Welcome to the community and be ready for a huge amount of information at your finger tips.

Or if its not that much you could get some other type of loan and use a 2nd lien on the property as collateral.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

Walking on my own after about the first 5 steps to loosen up.Little marriage advice before I get into the post. 

I have read I will need to use a third party service to make this happen.