If you end up not doing so, you'd better have a good reason to break that promise.Of course, after that year, you'd need to refinance out any owner-occupier loan before applying for your next one.

The reason is the buy process is easy.

They say to ask friends, family, talk to co-workers...for various reasons those options either aren't available or not realistic options.

also if I get all 5 properties under contract how much of a discount is reasonable?

Reason being is I have a two unit by St Francis that’s going to be completed in the next 2 months turnkey and I’m not opposed to selling!

His reasoning is if we refi as owner occupied then purchase #2 as owner occupied the lender may see that and deny the loan.

The reason we use more conservative values than our actuals is that we would rather be pleasantly surprised with our returns than having to come up with cash out of pocket to make ends meet over time. 

you need leverage to scale however I would use cash flow to accelerate pay downs on your rentals your not going to get 3.75 on investment property debt.so if they are making 100 to 200 a month and you have a good job I see no reason not to snowball those amounts.but I do think you have to BRRRR and snowball the two is where the wealth generation and scale meets.. as you get older you will appreciate advice of being cautious with debt.you need to value add to create equity.. 20 to 25% equity in markets that historically have not or do not appreciate is really no equity at all if you were forced to liquidate.

And I know that legally an email or text notification which the tenant acknowledged isn't sufficient right?

I am looking for a SECURE, reasonably-priced (preferably free) site that allows prospective tenants to fill out an application online and then have the completed application emailed directly to me (or give me online access to the information)?