What if the 4plex I'm buying is occupied?
I am purchasing a 4plex with an FHA loan. The loan stipulates I will need to live in one unit. If its occupied to I kick the tenant out or wait until one of their leases expires? Also with regard to rehabbing the place, how can I rehab the interior if they are still living in it?
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Work with your attorney to include in the contract that one of the units must be vacant at closing.