You sound very under market and if your trying to be a bit above everyone else.. then put some fresh plants outside.. do a nice paint fresh spritz on the trim around the front entry doors. maybe new Fresh updated mailboxes,, they always help set the place along with brand new house numbers that are updated and easy to read.I'd go 739.00 to start and limit occupancy to 3 people..  

For example, if the syndicator is not aware of a silent rash of new inventory that will hit the sub-market in 3 years but underwrites a value-added investment to make capital improvements which will drive increases in occupancy at their property, they may be in for a surprise.

I am leaning toward going in and seeing if there any signs of an occupant, but to also start the official eviction process.  

When you do any work within the City of Pittsburgh on pretty much any property that you are not the owner and occupant of, you need to be registered and insured.

I was excited about the idea of using a VA home loan to begin my journey into REI but then learned about the one year owner-occupancy requirement. 

Smells of occupancy fraud, using fha to purchase an addition rental.

But the reality is that with 2-4 unit properties you do end up with owner-occupants.  

I can probably get by here for another year or two, but it just seems more beneficial to move and get owner occupant financing.

I guess my question is more towards what are typical terms for a deal amongst friends. the property in question is a 4plex that I plan to house hack, so I will be owner occupant for a while and property manager.

Current occupant pays $600, thru February (<1%) and the place "needs some work".