Looking to invest in long term hold multifamily.

Quote from @John Brown: Quote from @Katie Miller: Are you saying you would long-term rent it from your friend and then run it as a short-term rental? 

@Scott VaethIf you live in part of the home and rent out rooms, you might be able to keep the lower 4% owner-occupied rate.Instead of a long-term rental that barely covers half the mortgage, could you do a rent-by-the-room model or target traveling professionals to increase cash flow?

Each option has its advantages and disadvantages.Finally, think critically about your long-term strategy.

I read this as someone using a short-term lens to focus on a long-term issue. 

This is how long-term success is built.

You can generally get the best terms (max leverage and best rates) on an owner-occupied house.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

The city’s robust economic growth and steady population influx continue to drive strong rental demand, making it an ideal choice for long-term investment success.Best of luck!

They were abandoned and needed significant work which wasn't a huge issue but in terms of HUD owned properties i heard there can be significant processing periods.