Is it vacant or tenant occupied?

Your current home is in a nice neighborhood and is mostly if not all owner occupied (based on your estimate rents $4,500-$5000).3.

With most furnished properties renting for more than $2,500, MTR seems to be a way to significantly increase cash flow.WeaknessesEnsuring that the property is continuously occupied will largely depend on factors such as the unit, its location, furnishings, and related marketing materials.

House hacking is a good strategy for getting started if you want to owner occupy.

However, he gives you all the real-estate-feel-good info that you can get from biggerpockets and the internet or a book or two for the low little price of $10,000 of your hard earned money (that is better spent on an FHA loan as a down payment on your first owner-occupy multi).

Also review similar STR close to the property you want to buy to see what their charging and plan for 15 days occupied to determine your break even.

I assume you would never consider moving into 1 like occupying an apt in a duplex if that is included. 

I'm 20 and I am able to only put down 6% because I'll occupy and my dti is really good.

As a note investor, we rarely if ever originate loans for owner occupied, we would rather buy on secondary market at a discount. 

For the best interest rate, we would need the property to be occupied at that point.