You have to allocate expenses between the two units, probably close to 50/50, and that includes depreciation.

An FHA-approved inspector will go to the property to ensure each phase is completed before you get the money. 4) The renovations/remodeling must start within 30 days of closing and be completed within six months. 

They do so with the mindset of writing 100 offers, to get 10 motivated owners engaged, to get 1 deal closed.

We are about to close on our first property, so we'll see what happens.

A mistake made by many is they purchase a home that has a senior exemption and after closing find out that as an absentee owner the low property tax they had vanishes.   

We have closed a few subto on our own and a few with partners. 

I've been telling my clients to expect a no closing cost refi in the next 6-12 months depending on how quick the fed lowers rates.

This will be my 3rd house and I just closed on my second back in March a few weeks ago.

If not refunded, it is usually applied towards closing costs 

I have multiple sales closing next month, but have a situation where Im cash strapped and personally need $5k for less than $30 days.Does anyone do these type of loans not based on credit and fund fast?