I am under contract to buyOffer was made with inspection contingency Seller agreed to repair or replace furnace a week agoI asked my realtor to check on the progress of seller and they have no real news for me a week later, other than an HVAC guy was on property- per sellers realtorMy loan is conditionally approved pending appraisalI told my realtor I’m not ordering the appraisal until I am satisfied with the progress being made to fix/ replace furnacIs that unreasonable?

Is there a name for this type of “group” loan?

i know this is kind of an old thread, but just wanted to add a few things here: 1. yes you will have to go through permitting process. you will also register this as a SFH with the county.2. you will need to contact DMV to deregister this as a mobile home. 3. you will have to make sure you remove the Axel and the wheels  under the home and make preparations to fix the property to the foundation you already have. currently dealing with similar situation in GA, hence researched a bit to find out the process. 

You need to make sure that there is specific language in your lease that states what happens in this situation.

I have been guilty of working in my business not working in the business and it has created unnecessary situations.

Find a local attorney that deals with this type situation, and get their advice. 

More housing options, fewer pet surrenders, and a more stable living situation are some of the benefits.

.- What would you do if you were in my situation? 

In your first sentence you refer to hard money and a DSCR loan.

@Prabhash Shrestha What kind of loan are you approved for that allows 20% down on multi family?