Originally posted by @Eudes De leon: I want to thank you on front BP community .I'm trying to purchase a mixed-use property using a FHA loan these are the details on the property the property has three Apartments and one commercial space which I believe is less than 49% of the residential part of the property.I was  Told by one lender that yes I can buy this property because is less then 5 unit.

In general, you will have to capitalize the cost that you incurred before renting the property unless you qualify for something called de minimus safe harbor where you can expense items below $2500.

Central Ohio has always encompassed a greater area than Columbus proper: Delaware, Newark, Lancaster...

I currently am living in the Costa de la Luz region of Spain, but I am soon moving back to the United States to Norfolk, Virginia.

So you're de facto realtor practicing real estate without license......do you think it's perfectly legal?

The 70% owner either started with the intent of purchasing all for some reason like a de-condiminiumization or they just "accidentally" ended up with a bunch of units. 

Howdy @David De LunaI know nothing about your area or market.

hi, Bigger Pockets,    i live in Dover de. 

Your tudor style four-unit on the quiet cul-de-sac isn't going to drink on the job, steal toilet paper and embezzle quarters from the washing machines...

Other tenants are all 6 years plus tenancy and never had any problems.They got representation of the free tenant consultants de la rosa.I would appreciate any  feedback or experience in the process and if i need a attorney.thanks