Once my parents max out on conventional loans, that's when I'll have to get more creative with this.

See if she can point you in the right direction.

Anywho:FannieMae.com is down right now, so I can't post the guideline directly, but what you're after is the "delayed financing exception."

Sure, ask the owners if they would do "seller financing"or "creative financing" and offer the property to guys like me.

@Greg Raymond If real estate is your passion, you are better off spending time with people who will reinforce and encourage you in the right direction.

I am not a lawyer so my advice is directed to having the water-less tank system installed properly. 

What kinds of incentives or any creative ideas should I try to get a tenant to move in?

My investment strategy looks something like this 1) Start direct mail campaign / generate website leads 2) wholesale and co-wholesale deals to start.

@Rodney B GibsonFire your PM, find and hire a local contractor you can trust to handle the repair issues and have the tenant pay you direct.

@Don IrelandOwning a duplex that you plan to househack is likely up there in complexity when discussing tax returns.When you acquire the property - you will have acquired an investment property in addition to a personal residence.As such - direct expenses related to the investment property and indirect expenses related to the investment property will be deductible when calculating rental income.I agree with Ashish - that you should open up a separate account that relates to expenses paid for the duplex.