I guess my questions are: Is it necessary to make repairs with long terms tenants already residing there?

Are there any loans where I could claim primary residence (and possibly receive fixer upper funding like a 203k) of a commercial sized property?

USDA is a great option for your first single family primary residence.

@Ti Jackson You can go about this a number of ways depending on your financial situation:1) Line of Credit off of your personal residence - You need to have a good amount of equity in order to use this to fund your entire flip.

Contingency planning (stress testing and mental rehearsal).When I bought my personal residence in the 1980s, for example, my budget was tight and I forsook earthquake insurance (most Californians don't have it).

I would like to divide the tax parcel by doing a minor subdivision, however, the zoning department has told me it can’t be done as the second home was never intended to be a stand-alone residence on its own parcel when it was initially constructed.

So much so that the residents are showing up in large numbers to try and slow the expansion.

All comments above on this topic are from NON mortgage industry people.Hey, what about the resident(s) title agents on BP? 

It's my primary residence.

Your VA loan is a powerful too, the question is do you want to keep a property and do you want to purchase another primary residence if the answer to both is yes then you would probably want to pay down your loan.