It's important to note that borrowers who do not adhere to the FHA occupancy rules could be considered to be acting in "bad faith" on their FHA mortgage loans.

Passionate about real estate, faith, family, fun, and leadership.

@Marc Schaffer Congratulations on the leap of faith!  

@Forrest Bush, with only 3 months remaining I think your better option is terminating the lease early.Inform them they are still responsible for the lease if they move out but in good faith you will do your best to find new qualified tenants as soon as possible. 

The ONLY way to estimate your true tax savings is to have your own tax accountant do it specifically for you.In addition, not all cost seg companies do their estimates in good faith.

yes, but hard to say when and youre also putting faith in local government, which I would not. 

You're saying I can't have complete faith in home inspectors?!? 

After sitting on the sideline for a year or so, the economic uncertainty from Covid-19 has inspired me to take a leap of faith and hopefully acquire my first rental property this year.My parents recently retired and moved to Lake Worth, Florida, and as a result I'll likely be down there a few times a year.

@Lauren Hogan - BiggerPockets has helped me take the leap of faith and begin investing in real estate!

I think you helped me see that it's best to negotiate in good faith with the owner up front without the tax lien getting in the way.