If so, most states require you honor those terms until it ends.

Most multifamily in our market sold for a 5.4% cap rate in 2023, and that would price it closer to $560,000.Other things to consider for your offer: FHA financing requires you to move in within 60 days of closing.

"If the tenant requires early termination of the lease, rent and deposit are nonrefundable"c.

Then, that winter, the steam heat system froze, and we got a call from a neighbor about a giant icicle hanging off the back of the house.

After purchasing, I removed all the radiators, boilers, and the large oil tank, then installed 2 central heating/cooling system's with air duct's throughout the entire home. 

Ultimately, finding the right investment location requires thorough due diligence and a clear understanding of your investment objectives.

There is prequalification criteria and the programs have different requirements based on the prequalification responses.

Does this require permitting?

and is there a way to avoid the withholding requirement?

In addition the Tenant may require 6 months of a ramp up/build out period before paying rent.