I'm a mortgage lender and investor located in St.

Just keep in mind the process can take a little longer since you’d need to work with contractors and follow FHA’s requirements.4.Your End Game: Whether you’re planning to stay long-term, rent it out, or sell once the work is done, it’s important to have your exit strategy mapped out.

This specific deal was a close friend's apartment that he was renting.

Because instead of collecting one rent check per month, you’re collecting multiple payments from different tenants.

Renting it out before that could violate the loan agreement unless the lender grants an exception (e.g., job relocation).

Digging deeper it is a legit program, that actually provides other tools and support similar to Rent to Retirement.

Hello,I’m preparing to sell a 550sqft geodesic dome located in Eureka Springs.

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

They can give you more insights to accurate rent, tenant preference and etc.

Check with your QI about both scenarios.I did have a client do a 1031, rent it out for two years and then moved in at the advisement of their CPA.