I’m currently under contract for a rental property, which is a duplex, and one of the units is occupied by a tenant.

If you are interested in investing in 2-4 units one strategy many people use is House Hacking where you buy the property as owner occupied with low down payment.

I am currently owner occupying with a section 8 tenant who had been here 5 years.

It is owner occupied and I will be moving into the vacant unit.

I want to occupy one of the units so I can get an owner-occupied loan and only have to put down 3.5%.

If you use a DSCR, you cannot occupy this as a primary residence under most circumstances due to the explicit commercial use specified in the note.

Though I self manage, @Samuel Eddinger is someone I find knowledgable and would be my first choice of management. 149 Bissell St Manchester, CT 06040 under contract now  $495,000 MLS# 240386 Owner occupied bought at list rate:Your calculation: https://www.mortgagecalculator.org/?

not all equity is accessible on owner occupied much less non owner occupied.

Since you're house hacking in Las Vegas, this should align with FHA guidelines as long as you continue to occupy one unit as your primary residence.3.

If you are lookign to occupy the property as a primary, then you'd need to look at the conventional (Fannie HomeStlye Reno loan for example) or FHA (203k loan for example).As for the takeout, again so long as the ARV is strong enough to support it, you have credit and income to qualify (if you go the Conventional DTI route as opposed to DSCR), you should be able to refinance into a long-term loan no problem.Feel free to DM me if you'd like to chat more on this!