Technically I am paid in full until the end of this month.

Also, it's important to not that this is technically not considered a commercial property (less than 5 units).

Then you technically have nothing to lose and the banks wants to still see you have skin in the game.

I would like honest feedback.I know that FHA loans allow for gifts which I could most likely get from a friend/future partner, as a "handshake" and technically be without repayment listed on any sort of contract.

The property itself is in good condition; new roof 3 yrs ago, 3 phase elec, solid HVAC, 16ft drive thru, 2 roll ups, 2 docks. needs no current upgrades(technically, everything except roof, structure and parking lot is tenants responsibility).

I'm looking at a 14 pad MHP that technically it is all lot rent; however, one "tenant" owns 11 of the 14 tenant owned homes and leases them privately.Can anyone weigh in on pros and cons of a setup similar to this?

Cold comfort I know, especially when you're expecting over 9 or 10%,  but technically true. 

At the end of the rehab you refinance into a conventional loan and technically if you priced everything right you didn't pay anything. 

You'd be doing well if you could find something even slightly undervalued (which is likely your realistic best case scenario as an outsider coming into a hot sellers market), meaning that it will probably need a little work or updating.Lastly, whether you're able to find something technically below market value at all or not - I'd buy in a stable, desirable area/neighborhood.

My question is, Can I deduct any of the repairs and reno costs as part of our rental hustle (Not forming an LLC yet) even though the house is technically Owner Occupied while the repairs are happening?