Peter Linneman is a Principal of Linneman Associates, KL Realty, and American Land Funds, and is the Albert Sussman Emeritus Professor of Real Estate, Finance, and Business Public Policy at the Wharton School of Business at the University of Pennsylvania.

An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property.

I am also a principal commercial broker and commercial investor myself.My focus is on large multifamily buildings and also retail (STNL & MTNL).There are others on here who focus on Industrial & Warehouse.  

@Gary Wright, one thing to keep in mind when looking for an FHA owner-occupied triplex or fourplex is that 85% of the market rents on all four units need to cover your monthly payment (principal, interest, taxes, insurance, and mortgage insurance).

But you get into a nice property that has been maintained with most likely low operational costs in the near future, paying out the principal, and hoping for future increases in rents.After all, seller financing is the only option for you right now and I do not see a lot of those lying around.

I'd suggest contacting different principal brokers and see if you'd be a good fit for their firms. 

At $9k/year savings, that's an extra $45k that goes to paying down your principal in 5 years. 

HUGE discount probably in the neighborhood of 40 to 50% less than principal balance

If I found a deal that would reliably return my entire principal in less than 2 years I'd be on it like flies on ****.

Our security instruments require a borrower to establish bona fide occupancy in the home as the borrower's principal residence within 60 days after signing the security instrument with continued occupancy for at least one year."