I live in Jacksonville, FL and travel extensively for work, but am looking at Augusta, GA for investments.

Mike Cumbie I knew of the 60 day requirement but I'll look into seeing if I can get an extension if I let them know I'll be occupying it on a very specific date.

It can be extensive and not enough room in the deal to make $$...lots of feedback here ...GL!!!

The basement unit only needs some paint and a few other touches to be rentable -- and I was counting on that income to keep the place afloat while I work on doing more extensive renovations on the main floor. 

I've done extensive research already with HELs and HELOCs, but it's tough to get those on an investment property in my neck of the woods... 

I'm a 21 year old MBA candidate, I have extensive knowledge in the westchester area in NY as well as long island.

On the leases I will be inheriting, there isn't a renewal or extension clause.

My father has extensive experience rehabbing and developing new construction homes, completing over a dozen projects in the last decade. 

Definitely have a balloon extension (if needed) with $x additional buy-down.

They can lay out all of your options for you.Side Note: The FHA owner-occupied loan won't lend if the property isn't in livable condition, which limits you if you are looking for a place that needs an extensive remodel for value add purposes.Best Regards,Hans Wold