I say that because every decent legit place I know of in market, yes offers the option of doing just tenant placement, for self-managing. 

Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.

@Ilia Zakharav, There's no problem in selling individual units and 1031 exchanging them as individuals. 

Because of special circumstances I have one property I self manage.

Bizarre.My wife and I also have a self-directed 401(k) plan, @Tina Artigliere and @Alicia Prokos.

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

We specialize in new construction SFHs and small multi unit buildings in Chicago. 

We have some more affordable studio units that I fear will attract the budget concise crowd which could get some guests not able to afford the next 30 days payments and have to be evicted.Would appreciate any advice!

I lived in the downstairs unit and rented the upstairs apartment.

If you have insights on creative ways to acquire rental properties or storage facility businesses with minimal capital, I’d love to hear from you.