I spoke with a Realtor yesterday about a property she is selling for a former client of mine I did the termite work on. Her client is an investor with an interesting M.O. He buys a house, moves in and does the repairs while living there, then sells it 2-3 years later. He rinses and repeats. Seems like a pain to do it that way. Maybe it has tax advantages for him - repair costs, moving expenses and the costs to buy and sell. Maybe the utilities are deductible, too.
A new twist on living while the government pays the expenses? Section 8 for the entrepreneur.