If your reason is "I am trying to buy 10 houses using owner occupied financing over a 10 year period as a way to work around the guidelines and acquire investment properties with 5% down"  then that might raise a few red flags. 

And then have them stop in periodically if you want them to check up on the property.

As long as he's allowing the home inspection period and the first purchase from him wasn't full of hidden problems, then it might be a win-win for both of you.  

The period that the property was being rehabbed and fixed up initially does not qualify as rental period.

And isn't inspecting the unit periodically actually their job that they are already being paid to do?

Rest assured the tenant in the BK know all the ins and outs on how to play the eviction game.

If they claim they can't afford it, you may consider letting them make payments over a 90-day period but I wouldn't stretch it beyond that. 

I'm working on the inspection and rest of the closing pieces at this time.As I get closer to closing I need to start thinking about renting out either the top or bottom unit. 

Voytek-I am an Electrician for Tradesmen Electric, our office is in Battle Ground Washington but we do work all over the Portland Metro area, and the rest of Oregon and Washington.The office number is (360)666-1199Christian, Pat, or Rich would be the guys to talk to.

My husband gets $30/hr and the rest of us get $15/hr.