Hello, Quick question for lenders out there - If a client has great credit, 20% down, but no income, can they use the rental income from one side of a duplex to purchase the property and live in the other side? Or wil...

Just purchased an auction property advertised as occupied by tenants and current on rent.

Buying under your personal name for the first time gives you access to some low down-payment lending programs like FHA or Home Possible, assuming you're willing to owner-occupy.

You indicate you know the law (assuming including the rent control law), but here are some thoughts:You can only legally terminate the tenant for a rehab extensive enough that tenant cannot occupy unit or to move in close family if your lease indicates that moving in family member is a reason for tenant termination. 

So the chances of someone getting hurt bad go up a lot with those type of places versus a school where mainly kids are being taught a certain martial arts style and some parents take along with them.There are varying business models within the martial arts community so important as a landlord to research what type is interested in your space and why.Also important to know if the school owner has shown success with a bunch of other locations or is this a franchisee that is learning the business on the location they want to occupy with at your center?

No, the wholesaler didn't have any historical vacancy rates unfortunately :/ It is currently occupied on both sides month to month.

Also you can do the same if you intend to owner occupy.

It's 100% occupied, 3 tenants, term on leases cascades out to 2026. 

I plan to buy a single family home in Austin and, per the city's STR rules, it has to be either an owner-occupied or commercial residence. 

A 2 unit non-owner occupied might have a lower LTV.