Beacon is no longer on the list of viable STR towns since they require a STR to be owner occupied. 

However, we don't see prepayment penalties on owner occupied loans.

Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

If the home is occupied, there's usually 1 group showing scheduled, so you'll want to come prepared with your comps and ARV. 

Full background checks.IDs, names of all people to occupy house.All move in money received, no personal checkslease signed by All.Walk through inspection completed and signed.

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

What we typically do during this time of year on our owner occupied non performing loans is not perform any legal actions between thanksgiving and christmas. 

The unfair advantage that house hacking presents is owner occupied leverage.

Conventional non-owner occupied loan. 20% down.What was the outcome?