Live in one unit and rent out the other three.

Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often. 

I'd pick the closing day if they already live there, but haven't signed the lease.

Can you lease an apt under USDA low income and have someone else live there???

@John Davey Interest on a home equity loan used to purchase or improve rental properties is deductible on Schedule E as a business expense, but not on Schedule A for your primary residence.

A little about me: My husband and I live in the SF Bay Area, we have a 3 year old and a newborn and we both work W2 jobs in the biotech industry.

I live in the greater Chicago area.

Do you plan to live there forever?

Having a group of friends living in an apartment complex creates a sense of community and reduces turnover.

Such strategic zoning decisions bolster the provision of affordable living spaces, invigorating local economies by amplifying the consumer base to support nearby businesses.