It requires 3 years of OO, but if you are not destroying a rental unit it could work for you. 

I guess my questions is: could I purchase one policy that would cover the tenants in multiple units?

The unit is free-market, and I haven’t raised the rent since they moved in back in 2021.

Make sure to design your units with this demographic in mind.

Do you have any units so far? 

Today I am only managing my own property 15 units but will continue to grow that number.

Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”

Ask how many units they manage and how much experience they have.

This property had strong potential for adding value, especially with its ADU (Accessory Dwelling Unit) potential.

For single-family and multi-family rentals - plan to put 20-25% down on investment properties.If you find a rental from 2-4 units with a month to month lease or a vacant unit that you could technically move into/would move into after buying within 60 days - plan to put 3.5-5% down.