Challenges?

You technically have to live in one of the units for at least one year, but a VA loan specialist can give you more details and specifics.

It's just marketing and is technically true since, as others said, it is producing income.

Challenges?

According to her, in this day and age they don't have the technical ability to remove the duplications.

However, each unit of this duplex has its own property ID (aka parcel ID or folio ID), so they are 2 properties technically, and they are called "condo" in the county record. 

While any licensed, insured, bonded contractor is technically allowed to do the work, unless they have been properly educated on the 203k or have vast experience with the 203k, any average contractor will NOT now the paperwork, processes, guidelines, timelines, draw process, change order process, estimate/bid format, different versions of the 203k, and most likely won't have the financials needed to pay for the upfront materials and ongoing expenses, or anything else associated with the 203k and would be basically 'winging it.'

Challenges?

We were also wondering if refinancing would be challenging as foreign investors and if there was a way around that?

What are some challenges that investors in this market are facing?