This also leads owners to ASSUME simpler is better when it comes to management contracts.

I am now connected to and working with another owner and managing her property under my portfolio as well.

Balloons are not allowed to owner occupants, but you can raise the interest rate at 5 years.You should be able to at least get out clean in Austin.

The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.  

Life changes made it necessary to find a new living arrangement and if I'm going to move then why not buy and utilize financing for owner occupied multiplex?

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community. 

Sure for most occupant home owners with no money in the stock market and cash tight perhaps (just my views mind you) use of their HELOC to have a house they live in paid off sooner makes perfect sense. 

But mostly buy a house with a large lot in a high-density area.   

Ease of working with owner = easier for you to cohost --- some owners micromanage and 2-3x the amount of work for you for no reason.

@Jonathan Baptiste Have been house hacking before it was a thing, 29 years to be exact.