.- The numbers may have an impact on your decision.You may also want to read your condo's Home Owners Association Master Deed & Bylaws to make sure there are no restrictions on any type of rentals. - Many HOAs have LTR restrictions and some now have implemented STR restrictions.Also, hopefully you've updated the home insurance policy of your current STR rental from a homeowner's policy to a landlord policy.

The agreement should list the owner by name, then list the property manager as the owner's agent.

Quote from @Ragan Manning: Hey Nicholas,I am the owner of Manning Your Books and I work exclusively with REI clients.

@Sequoiah BriseñoCalifornia multifamily sale and 1031 exchange purchases mandate landlords or property owners to issue 1099s for payments of $600 or more to a sole proprietor, LLC, or partnership, and request a W-9 from each vendor by January 31.Good Luck!

I would check with lenders though to make sure you dont get stuck and your buyers cant get an owner occ loan because of this..

Offers both tenant and owner portals.

Many, make it difficult to not show pass-thrus on Owner Statements. 

The rates on the 4 unit are astronomical even compared to what the current owner is paying (about 190/mo).

Once you have moved out, you no longer will get owner occupied rates!

Is buying a new owner occupied 2-4 unit multifamily property every year using 3-5% down payments a good strategy to scale?