It's always good to have a prior move in sheet, pictures or video to show the condition of the property prior to their occupancy. 

What are the drawbacks of not living in a home if its owner occupant and i reside in the state of Texas.

My question is will my wife meet the occupancy requirement for the house taking into consideration I have over a year remaining at our current location.  

Would there need to be a certificate of occupancy issued for the separate unit in order for it to be insured?

I agree that it is a skinny deal if the house absolutely requires rehab before occupancy but they way he made it sound is that the house is very much habitable, just outdated. 

What is the occupancy rate throughout the year?

The size of the development deal matters as well.If for instance it is a 3 million dollar deal with 1 million of upside after resale cost then at 50% the sponsor gets only 500,000.If it's say a value add property and not development where the property is 50 million at 50% occupancy and then worth 80 million after stabilized then at say 28 million profit after expenses at 30% to sponsor is 8,400,000.

Monthly rents are $3300 if 100% occupancy.

Borrower shall occupy, establish, and use the Property as Borrower’s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower’s principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.After that, you are free to house hack to the next property.  

I hi need your help, my aunt has a small comercial center in Donna texas, and she may be able to sell me the property, it costs $1.1 million usd with a potencial $108,600 usd in yearly rents, actually it has a 85% occupancy and gets $93,000 usd in yearly rentshow can a get a loan to purchase the property?