Similar, there is rules for footage to count as living space.  

You really do never know who is living next door...or driving down the street after having a fight with their wife, or....well you get the point. 

@Chris KellyI lived in an apartment when i was younger and the downstairs tenants smoked like Cheech & Chong.

.* FHA loans require both parties to owner occupy for 1 year* A 203k loan is not a first time buyer program, you can own a home and still use the program as long as you live there* The loan must be made to a person, not an entity. 

You will live there for a year, hopefully get some equity so that when you refinance into a conventional, you can cash out, but in this market that is pretty unlikely.

Im more a hands on learning definitely and as far as living in a unit i couldn't yet because its out of the kids school district  plus the limited space. but thats the goal, to buy a small air or inn to manage and run for work while still renting in our district and then looking to buy since we're renters again!

Because I live in a neighborhood that has no crime but it shows up as very high crime because we had two neighbors who would call the cops over each others dogs barking so it lit it up to show it as negative…

It's about having an income that will enable you to maintain your current standard of living for life.

We are currently trying to buy a property in North Dakota which will be an investment property for us, but my mother-in-law will be living there.

I would still work with a title company on this and let your lender know (if you have one) of the name change and what you are doing so they do not think you are selling the property.Another option would be to create a living trust for estate purposes and transfer it into the estate.