Evaluating a live in multi family property..

[Joshua Frahm]

I am in the process of evaluating several multi family properties in my area. I plan to live in one unit and rent the other(s).  Right now, I am evaluating each property as if I was not occupying one of the units because a couple years down the road I will plan to move out and just rent all the units.

My question, is there a different way i should be evaluating the numbers for these properties or am I on the correct path? 

Any other tips or best practices?

Any advice would be great, thanks guys!

-Josh

[Brie Schmidt]

@Joshua Frahm - Sounds like you are doing it right.  I am a broker and work with many clients that look to owner occupy a multi unit.  

You want to look at it as if you don't live there and make sure it cash flows, and then look at your out of pocket if you do live there and make sure that is a number you can afford