Renovation with Tenant Occupants

[Victor Delgado Velez]

Hello BP Fam,

I'm starting my REI journey using the house hacking method. I've already got an approval for an FHA with 203k loan.

My question to you all is, how do you deal with renovations with tenants currently occupying units?

I'd like to renovate as much as I can using the 203k loan to avoid dealing with issues tenants may experience.

[Jordan B.]

I have done it both ways, and looking at it with hindsight I would never do a remodel with tenants living in the unit again if at all possible.  Not saying it can't be done, but it will end up costing more money, time, and energy to get it done with the live in tenants.  You mentioned house hacking, is this a duplex?  Do you need to move in right away or could you remodel one half, move tenants in and then remodel your side.  I wouldn't be afraid to remodel the unit I would personally be living in.