You must occupy the new home for at least 1 year.

It's not uncommon for certain tenants to tell you the rental is "perfect" and then start nit-picking once they occupy.

SInce the buyer will have to qualify for any non-owner occupied seller (if it is) the best way would be a strainght assumption and carry the second.

This means that if you were buying a quad and the tenant-occupied units rented for $2,000/mo, we would give you $4,500/mo additional qualifying income on your loan application ($2,000 x 3 units x 75% = $4,500/mo net rent). 

If the property is not occupied for 6 months out of the year, (and you will have to prove that) then you will have to pay $3,000.

Us, walking the occupied unit: "Why didn't you inform us about the water leaking from the 2nd level toilet into the downstairs bathroom?"

You can add more veterans to add more units but they may not want to tie up their entitlement into this venture unless it brings in some major profits, or else they can go acquire their own owner occupied 4 unit & make their own profits.I'd love to brainstorm more about this idea with you if you're still pondering it yourself!

I am trying to owner occupy one of the units and live in it for 2 years, but Im not sure on the rules after the 24 months of owner occupancy period is over. 

Home in question: https://www.zillow.com/homedetails/120-Ramon-Cardenas-Dr-Del...Background:I'm closing on a 4-plex in a couple weeks that I will owner-occupy. 471500 purchase price using 0% down VA loan.

Just from the two occupied units, his mortgage would be covered.