We are currently occupying the upstairs. 

@David Des this wasn't even a construction loan, it was a straight up cash out refi from a house I did a renovation on using a HML lender, house was completed, occupied with good cashflow and the appraisal came in right where it should have..... 

However I had an interest and tax reserve so I was planning to use the rents from the occupied properties to find Renovations.

A fully occupied property with each resident paying rent ends up being significantly more than the flat rate rent. 

It has been 100% occupied and currently returns a positive cash flow of $1,000.

Currently occupied by a section 8 tenant on a year to year lease. currently paying $1805Cash flow = $800- I left out some CapEx expenses in the report, as this is a newly renovated home, but will account for everything once I dive deeper into this potential investment.

Of course there's a price difference for owner occupied versus investment property.

We are no longer occupying our house starting June 1.

Challenge is +95% of agents only deal with owner-occupied transactions, which are emotional-based purchases, and are actually pretty clueless when it comes to helping an investor make a numbers-based purchase.Don't believe us?

Purchase price: $500,000 - 19 occupied spaces, currently grossing ~$6,900/mo- 9.5 acres with enough septics and wells (and approval from the county) to have a total of 44 pads!