The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation.

there's another thread going on, on how to telemarket property owners lol.

Should that property be sold again in the future, the property owner would convey all rights to the buyer EXCEPT the oil rights that were no longer the landowner's to sell.

In short, you need to stay there a year as an owner-occupant and then you refinance into a conventional, rent both units and then you can use the FHA to do it again on a new one.

Quote from @Carl Rowles: Aside from the stigma of them, it seems like they’d be a decent entry point for new home owners, given the housing market the way it is.  

Found it on Facebook marketplace through our wholesaler that had gotten the deal from the previous owner before he had passed away so purchased it as a probate sale so I was able to get it far below market value.

So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?

You aren’t owners with lease options.

I'm unsure what the right path is, but I've been reading about investing in owner-occupied, multi-family properties.

I advertise the houses that way, even if there's an appliance or two that the previous owner has left in them and I don't mention them so that the people coming aren't (or shouldn't be) expecting to find them.