Loan rates for owner occupy are lower than investment rates.

The building is not even close to 100% occupied, so apartments are easily found and rented.

If you operate an AirBnb in neighborhood where there are owner/occupiers, you'll experience city pressure for increased short term rental regulation. 

@Bryce JamisonWe coordinate with our existing tenant to show the unit occupied.  

And is the property fully occupied?

_____________________________________________________________Current Rents:House: Basement Apt: Current owner occupies $0House: 4 bed, former BnB, currently 1 room LTR, frequently STRs (travel nurses) 8001 BR Apt: $1000Studio: 900Cabin 1br: 1000Cabin Studio: 700Current Gross Rents: 4400___________________________________________________________Potential Rents - All rents are currently below market*:House: Basement Apt: Owner occupies $1500 ($0)House: 4 bed LTR $2800 STR $5500+ BnB 20,0001 BR Apt: $1500Studio: 1200Cabin 1br: 1500Cabin Studio: 1200*There is an addition attic apartment unused: 1200Potential Gross Rents: LTR=$9400 - STR=$12,100Tax:530/moInsurance:250/moAssumptions: Small family wanting to househack and come as close as possible to no monthly expense.

In real estate, those of us in the game the longest know one fact: if a deal looks to good to be true, it always is.FHA is for owner-occupied, as are most residential loans, so low-money down investment property packages are not the kind that would make sense for you right now.

the second property is worth around $68k bought that property on November of last year with a loan. those properties are occupied by tenants. do you guys know if I can cash out refi each property with that amount or can use both properties at the same time with a blanket mortgage?   

See belowYou have to steer clear of violating any laws, but there are some ways for a landlord to legally disallow an ESA animal:1) The subject property has 1-4 units and one is owner-occupied.2)The rental is a single-family home rented out without the services of a realtor.

Most likely, since its owner-occupied there shouldn't be much you need to do.