We would like to purchase as a owner-occupied, to get a lower rate and to put a downpayment of only 10%. 

Recently, I learned a valuable lesson that made me step back and reassess how I approach offers to sellers and agents.One example is a duplex deal where I submitted a lower offer due to the significant repairs needed.

Most chase the money and shrug off the lower risk proposition that will allow them to eat well for a few years.

To illustrate this there are probably 50+  active MLS properties in North Philadelphia/South West Philadelphia and other lower tier neighborhoods at any given time where you can complete the BRRRR  method but the real estate is lousy.

While nearby multi-family duplexes might slightly impact the appeal for certain buyers, they shouldn’t necessarily lower the resale value if the house is well-renovated and priced competitively.

These expenses would lower your taxable income and further reduce your overall tax liability.

I have not bought anything that’s already built or in another state but trying to find another state with lower barriers to entry.

Lower your pricing to undercut your competition.Doesn't matter if your pricing is set high if you have lots of unbooked days.

Could pay cash for everything to get built and lease up to break even and then cash out refi to pay them back and possibly (obviously could be worse too) at a lower interest rate then now.

@Sean Hoglund  Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office.