I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

.…… I kind of understand that… So my question for this form isDoes anybody know a 30 year mortgage out there that is not FHA or anything to do with the government, that allows me to buy live in as my primary residence fix up and leave and sell before one year?

I got tired of working for the government after making too little for too much effort.

I would be very careful and look at the condminium association itself to see how they are governing the complex.

A nice 2 BR unit (see below) can get up to $1250 from a section 8 tenant and is guaranteed money from the government.

The government issues financial beatings to landlords they find violating fair housing laws. https://www.hud.gov/sites/documents/SERVANIMALS_NT...

, you could get a credit from the seller for the work.But, get  a few estimates as "The cost of replacement varies and depends on the size of the system, the soil, the water table and proximity to bodies of water.

I think HUD still has a “first look” or right-of-first-refusal program for some local governments, and nonprofit organizations to purchase foreclosed homes. 

I thought it was a body bag. 

State and local governments have been significantly increasing taxes on rental income over the last decade by adding or increasing sales tax on rental income, Forcing all real estate owners to get liscenses to be able to rent properties, increased government inspections of properties prior to new tenants moving in, increased property taxes, etc.