Based on what you described this should be feasible as long as you qualify for the other items with an FHA loan.

Ask the seller what types of maintenance items (if any) have been done over the years.

Turns out this business model is exactly what the lower income folks need.

That sounds like a tough model to work with.  

If you look at your appraisal from the time of purchase it may give you some ideas of the repair/renovation items the appraiser docked you on and the amount they discounted.

if there is a bunch of quick and easy things for them to inspect and mark you down for they may not look for larger (more expensive) items. 

So I just bought a four-plex and found that every rented unit has an occupant thats not on the lease. That's a seperate issue that's going to be handled eventually but the big issue is I suspect that an occupant in on...

Good news is they are cheaper than homeowners policies as they don’t cover personal items inside the property.

Before buying one with the plan to convert it to TEnant owned homes make sure the market will support the lot rent model as many don’t.

Last week the company said they don't expect it to take longer than a month, but can't say exactly when they'll have the part.I know last year there were shortages on appliances and other items.