If it passes and the flow rate is adequate to the number of occupants you anticipate in the house I would not borrow tomorrow's trouble by digging a well.

Has anyone else -- investors, agents, owner occupants -- observed that many listings in the Metro Detroit area do not do an adequate job in marketing their properties?

To make it even worse, most of the time multies will only be bought by investors, not owner-occupants, so you have a more limited pool of potential buyers to bail you out of that negative cash-flow beast.Now, with that out of the way, I'm not saying "don't do it".  

Pro-rated property taxes, pro-rated utilities, U&O (Use & Occupancy) inspection fees, deed recording fees, wire fees to pay off existing mortgages - just some other things that you might see. 

No matter how you slice it you would be violating the occupancy condition. 

Since there is no lease in place and or any other agreement between the occupant and you or the landlord I will call 911 and have them removed from the property.  

I'm just starting too and I don't know much, but I do know you need to know a lot about a property, and you can't rely on Zillow and the current occupant to give you the information.I didn't try this, but supposedly the trial is free for, I suspect, one report--who knows:http://www.datatree.com/try-totalviewAt the very least, there is a sample report that you can view that shows the sort of data you need.Kudos on jumping in, but be careful!

I think this is great, however, my INITIAL PLAN was to house hack it for ONE year (which is what my FHA loan requires a minimum occupancy length of) and after that year is up, I was going to try to start looking for the next investment. 

Caveat of course is I'd need 25% equity whether I'm still an owner occupant or not.Might be worth calling around different lenders and learning their guidelines. 

add an owner occupant list.