I'm sure you have a plan to pay it back but thought I would post this in case anyone else is researching and came across this subject. 

I did some research to find that it is owned by the city.

After doing some research, it looks like I'd like to start my investing opportunity in the Dallas Fortworth (DFW) area. 

So that made me start researching the minimum requirements for owner-occupancy and penalties like mortgage fraud. 

Hey Bigger Pockets Team - I have done some research on moving my 401k from corporate America to some form of self directed venue.Like Dirty Harry - I am looking for THE GOOD, THE BAD and THE UGLY!

I’ve been doing lots of research on it and Im really ready and eager to finally get started with my first wholesale deal.

Here's info on what I gathered when I was researching the options-https://www.biggerpockets.com/renewsblog/2013/08/1...There's tons of additional info in the comments section too.

I live in the Austin, Texas area, been trying to do as much research as possible about the market here.

I am of course most inclined to trust my accountant however I’ve researched some and it seems my contractor may be right.

Make sure you research the property to be sure there are no liens (tax or otherwise) against it or you may be buying more than you think.