Which probably means you could sell but nobody could inhabit the property until it passed in the future and it would be required to meet current code instead of previous code. 

- Is there anyone inhabiting the property?

If you are a civilian investor whether seasoned or new, this could be a great option to start out!

However, you need to send PHB a letter saying why and then get an Acknowledgment back.Stuff like tenant in the same duplex, ADU if the owner lives onsite, change of use from market-rate to affordable, inhabitable due to neither landlord or tenant fault and other stuff.Better option is to watch the guy like a hawk and give him a FOR CAUSE eviction.YOu can find rule on the PHB website. 

@Jonathan Klemm is right, Champaign is a college town but there are still plenty of deals in good areas that are inhabited more by year-round residents.

I'm a civilian working in Army Athletics as a sport coach.

A lot of folks stay in the area after they get out to work Civilian or contractor jobs on post too.

I don't know the location or sales price and no idea of square footage but foundation plumbing and roof let's just guess that's $90000.Say the sales price is $300000 and you put 20% down your payment will be $3150 with tax and insuranceMy guess the rents when you get this inhabitable in 10 months at the very fastest.

However, occasionally there is sufficient baked-in equity in an acquisition that we have refinance sooner (as short as 30-days).If the home is inhabitable, it should make no difference to the appraisal whether there is presently a tenant or not ... sometimes it is easier for an appraiser when the property is empty.    

It's easy to find Fort Bragg (55% of military intermingled with civilian), not so easy to find for Jacksonville, therefore I think the statistic of ~20% intermingled is likely the closest guess we're gonna get to.