A live in flip would be something you buy as a primary residence at a steep discount that requires some work, that you can do over the course of the year, sell for a profit, and roll that investment gain into your next project. 3.

A resident I know purchase a house last year with his intern income.

Investor physician with strong income and low personal debt looking for solutions to refinance some of portfolio and pull out some equity for further investing with history of Foreclosure on personal property in 2012. 

This was when I purchased my primary residence through a short sale back in 2011.

I currently reside in New York.

I will be residing in one of the units come the winter so I think just offering to compensate them for the usuage would be the best route for now.

current resident in Chicago land area and currently looking into buying first multifamily unit (3-4), probably going to house hack the property.

If this is your primary residence and you live in it for 2 years you avoid yet another charge: capital gains tax (probably 15% in your situation - another 15k).

Ok, so I'm no REI guru (yet), I have purchased two primary residences, and have two other rentals, but I have never heard of an agent charging to look at a property that I'm going to use them to purchase.

Our only thing stopping us at this moment is that we are currently doing a complete gut and renovation on our personal residence, (that should be a flip but we actually want to keep) we are putting all of our time and money into it.