The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.   

New occupants will be coming soon, but in a 3 family, i have set of excellent student tenants that renewed.That said, many landlord insurance policies have exclusions for students, so I am trying to gather info on updating a policy to consider the fact that the building is only going to be 33% student occupied.  

Also, when not occupied, the PITI on a high-end home can quickly erode prior cash flows.

It is a Duplex which is currently occupied (both units).

Also the idea that occupying a 'piece' or 'portion' of property allows for AP is flawed.

It's doesn't have to be 20% downpayment for a owner occupied home. 

Further you should look at how many nights you were occupied across all units here and divide $25,000 by that number.

Property looked great on paper. 2 (3) bedroom units renovated and unoccupied, 2 (3) bedroom units not renovated and occupied by section 8 tenants.

With the newer 5% down conventional loan for owner-occupied multifamily option, I generally advise people to start analyzing from there if they want to house hack a multifamily with minimal down.  

Rental Property is located in Upstate NY in Oneida County.I have a tenant who is currently scheduled to have their lease end at the end of February; they will have only occupied the unit for a year at the end of their lease.I'm not looking to extend their lease and would like to have the unit vacant upon lease end.