Here's the overwhelming likelihood:IT'S NOTTo keep things straight, no home is perfect, few are truly one of a kind, and it's very easy to get emotionally involved with a home and stop treating it on its merits.If you're considering this as an investment property then let the numbers tell the story. 

Assuming it is, I would ask the city what the paperwork process is to apply for a change of use or just a straight up inspection and CO.

I am sure my accountant would keep me straight, but no one likes those kind of surprises at the end of the year ;-)

@Kevin Skolits I go straight on my refinances commercial because I purchase and keep them in an LLC) and I can refinance as quick as I get them rehabbed.

Good evening, everyone.  My name is Dan Bottiglieri, I'm currently a sophomore in college majoring in finance and accounting, but of course my main goal is to invest in real estate full time eventually.  I plan on get...

Would it work similar to if he was paying straight cash?

When fully executed by ALL parties to it, due diligence is triggered, followed by a P&S, which, when signed by ALL parties to it replaces and extinguishes the written offer.In Maine, we go straight to P&S, which also serves as the offer and triggers due diligence when signed by ALL parties.So in this NJ case, regardless of local customs, an unsigned offer or proposal cannot be interpreted as a binding contract.

@Dan Bottiglieri For properties in the Sunbelt AC problems are common and the PM’s approach to fixing it matters a lot, overlooking a small repair and going straight for replacement is costly

However, my longtime girlfriend keeps bringing up a good point about house hacking that I can’t seem to give a complete straight answer to.

In the end I will still basically live for free and when i move out, that will be straight cash flow.