That is exactly what you will experience.

I make the former owners go to the city, and they got a conditional use permit for the property to allow me to rent it as a duplex. 

Again, not exactly sure what you're asking.

I know if you're buying in a development prone to assessments, this can have exactly the opposite impact on your risk, so I would recommend doing a little research on the HOA: - who is president / serves on board? 

Not exactly an investment since it will eventually be a primary residence, but we may have a few ways to generate some monthly income before in the meantime (and possibly have some small part of it function as a light income property with we finally break ground).Couple newbie details in case anyone has any insight.

That's exactly what I'm thinking. 

I understand if it was just normal wear and tear but this was beyond nasty and the carpet was in excellent condition before she moved in 5 years ago. 

Exactly@DeWitt Gibson, just have to find a lender that will do it at 500!

@Alexander Felice send me the link so I can read up on how exactly to do it please.

It is actually very difficult to know exactly what they are thinking.