Fannie Mae's definition for second home properties includes "must be occupied by the borrower for some portion of the year".

Hi guys, quick question regarding the Fannie Mae owner occupied program.

Live in one unit , rent out other unit and accessory unit, mortgage on the property would be about $6800, rental income would be : $3000 from additional unit , and $1500 from accessory unit and I would be occupying one unit , leaving me at negative $2300 per month .

Unit B - 1 bed 1 bath, recently updated - occupied $850, $50/month water fee.

. - Tenants are incentivized to not damage the property (can lose their voucher if they are found liable)- In my experience, tenants tend to stay for longer periods of time rather than non-section 8 tenantsCons- The unit is required to meet a certain standard and pass an inspection prior to tenant occupying the unit - Tenants tend to have a lower credit score than most landlords were prefer Happy to connect and share my experiences as an out of state investor and share some additional tips. 

Also, many properties are still occupied which is another huge negative. 

I’m looking to buy tenet occupied properties is there anyone who has any experience in this type of real estate investing?

, but only if you have less than 4 mortgages and will owner-occupy it.

I have never been able to let them see the property in advance because it's always been occupied by someone and I've had to do 1 or 2 day turns.

He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience!