You can use recent purchase price and go up to 75% LTV with 650+ fico if property is 70% occupied with no health and safety issues. 

In my opinion, that is how an occupied house should be shown.The "no showings until an offer is accepted" strategy is widely used, but it also decreases the demand for the property.

Most people call the "Non-Owner occupied home list".  

I haven't done any work on property since its tenant occupied.

There are a lot of low down payment programs you can use when you owner occupy the property.

When buying your first property, especially multi-family, you're bound to frequently come across occupied units and often while the tenants are home.  

On top of that being that the property was occupied (delivered vacant) it was in great shape and didn't need that much work to bring it up to market standards.

How many are occupied now?  

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.