Live in then rent down payment strategy

[Pete B.]

We have used the strategy of buying with owner occupant financing, living in the property for over a year then moving into a new home, and renting out the prior home. I like it because it gives you a higher probability of getting the property and more favorable terms and lower interest rates. The last two times we’ve done this, we put 20% down, I’ve never wanted to pay pmi. But now that prices have gotten so high, I am considering maybe putting less than 20% down to secure the property, then later refinance to remove pmi. I’d like to accumulate as many properties in this inflationary environment as possible. I just wanted to know what everyone thought about putting down lower payments with the strategy to move at an accelerated pace?