v=_fCLVapcR2AHigh Point:  https://www.housebeautiful.com/design-inspiration/a26945378/high-point-north-carolina-american-made-furniture/

For me, there was no in unit laundry, so I had the work done and designed the space to appeal to STR/MTR travelers.

It will be put back together with tasteful design.

We pitch it as “designed to be cheaper than a studio, for those who don’t mind sharing kitchens and bathrooms.”

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

PS  what is Fill and wait  I am assume some sort of septic design ?

The property does need to be in "livable condition", so if you have any rehab beyond minor aesthetic repairs, you could get a Fix and Flip loan which is short term (12-24 months), interest only, and no prepayment penalty. 

@Samson Tefera it is my understanding that HML is not designed for such long term conditions, that's why the fees get hefty as you hold on for longer, they are made to discourage you from holding their funds for a long period.

While the duplex doesn't have to have gutters immediately, they add to the aesthetics, keep the annoying drips away from doorways when it is raining, and help direct water away from the foundation. 

The tenant would ONLY be responsible for insuring their personal contents.Original Design (aka Single-Entity or Walls-In) - This has become the "most common" way to insure condos over the past 10-20 years.