Our vacation homes only required  14 days of  occupancy a year.  

Or sell vacant where you can spruce it up and maybe get more money selling to an owner occupant. 

Too many new investors are trying to rush into ownership, but if you don't have 3.5% minimum downpayment for an FHA plus 10k in the bank for all that will come up, closing costs, inspections, you really need to keep saving and then keep saving some more to make sure you don't bite off more than you can chew.If your DIY friends are not licensed, remember you will need to get a certificate of occupancy when any renovation is done and all permits and renovations would need to be approved before reselling.

They might permit owner occupants with a good credit history for a few years.

It's a HUD home for sale, but the caveat is it's only being sold to "owner occupancy, government institutions or non profits.”

See below:The "y axis" is occupancy. 

That seems like an incredible deal for a non-owner-occupant loan.Why are you putting 30% down on this property? 

In this form a “material defect” means a condition that would have a substantial adverse effect on the value of the residential real property or that would significantly impair the health or safety of future occupants of the residential real property unless the seller reasonably believes that the condition has been corrected.I think you have an uphill battle, unless the information from the foundation contractor shows it was still a problem after the repair, especially since you got a home inspection.Just my opinion.

The Easement granted is perpetual, and is for the use and benefit of the occupants of the Property owners, and their guests, licensees and invitees. 3.

The big things to watch are interest rates, changing loan requirements, inventory levels, occupancies, tenant mix and employment.