Obviously this would make it difficult to renovate the other unit of the duplex if it's inhabited and with the 6 month timeline being eaten up due to the 9 month contract, I'm not sure how it's possible to do the renovations on the loan.Has anyone had experience with this?

However, it is my understanding that she can't sell the house at a 500k discount to us as that would be considered a gift, so this would only work if the house gained 500k over the two years we inhabited it (which is wishful thinking!).

Hi all - I am planning to install a washer/dryer for my three-family house, which is currently inhabited by two families and one couple.

Is the property in habitable condition as is?

Ralph Miller in most states air condition or lack of does not consider a property inhabitable.

What strategy is this...a slow flip that you are living in, a traditional rehab and sell, your primary residence you intend to inhabit forever?

There's a similar property that just went under contract and there's potential to make a good hunk of change with the one I'm looking at, but didn't know if anyone had experience with a ROW preventing a sale or  being able to get a good market value for it.Also the adjacent lot the ROW is shared with does not appear to be inhabited.

Most of the houses we sell are in need of substantial repairs and are inhabitable "as is". 

As an example, a house that requires $50K in structural work to be inhabitable might be so difficult for other buyers to purchase that a smart investor can pick up that property for much, much less than $50K below market value (and keep the spread as profit).Now, you might wonder why a homeowner (or another investor) wouldn't come in and pay closer to market value, spend $50K on structural repairs and then have some equity in the house.

If the current tenant stays and accepts the ghosts into their lives, then you have a haunted house inhabitant by brave souls who would not get out in the face of ethereal risks.