I'd like to take legal action against the tenant to collect the amount I'm owed, but I don't think I can file a small claims case, since the water bill account is in the owners name (the account must stay in the owners name for legal reasons).

My question is, is it a valid reason for me to ask the tenant in 2/1 to move out on the ground of owner needs to occupy the property?

My name is Angie and I'm a local brokerage owner plus I do entitlements (rezone land then sell) in NC.

Whatever you decide, work with someone who will also tell you the “bad” news, and how to deal with it.

I highly recommend house hacking to get started, and as you mentioned taking advantage of low down owner occupant, first time homebuyer loans.I know the CT market very well so happy to connect with you if there’s any interest! 

I do like to do it that way for a couple of reasons, your name appears as an Insured and the true owner is not the primary insured.As far as the cost difference, in our area I have found that, for the good properties, the personal policies (dwelling fire) can be cheaper. 

I'm a first time buyer.Here's what I show my clients to help them decide if buying down the rate makes sense.In your scenario, the difference in your PI payment @ 6.275 and 5.75 is $54.71.

Owner financed with 10% down, and 3% interest with a 5 year balloon.

Hi everyone,After a year of following and watching Bigger Pockets, I've decided to take the next step and join the forums.

When he retired, I decided to do my own flip.