Would you occupy one of the units as a primary or would it be a full investment property for you?

Taxes - if you're wrongly claiming exemptions your taxes could change.Mortgage - if you're using owner occupied loans and you deed to LLCs, you could risk having the note called due.

In your case, I would also include that you are giving them 30 days notice to vacate the unit so you can occupy.

Its about 80% occupied by insurance relocation tenants and I’m currently getting 3 times long term rent

I own and manage 14 single family homes, all occupied nearly 95% of the time (stable rental market in my area), and currently analyzing a deal and figured why not ask for more input from all of you!

It is tenant occupied on a month to month lease.

I don’t know this market specifically to make that assumption but in my market if you’re buying a 2-4 unit property the seller might leave 1 units it vacant for owner to occupy but there’s usually not totally vacant property.

My current tenant now only occupies 4 of the bedrooms.NumbersCurrent rent - $2500If I split into 2 units, unit 1 (4 bd 1 ba) would rent for $1800-1900 and unit 2 (studio 1 bd 1 ba) would rent for $1100-1200.

FHA and conventional loans come in a 4 unit flavor, if the borrower intends to occupy one of them.

Quote from @Terry Landon: It varies, but I think most property managers show occupied rentals.