So we only do it for vacant properties and for tenant-occupied properties, an agent always accompanies the prospectives through the home.

I think my neigbor did it a few years back but not sure if he is claiming it as Owner occupied and just rents it out?  

@Leroy Kim this is just for the 1st year bc in the 2nd year it will (or should already be occupied). 

Since it looks like you are fully occupied and stabilized, you would be able to rate and term these quickly, since bridge loans normally don't have any prepays.  

The notes are all on commercial properties (office, warehouse, shopping center, mixed use or sometimes multifamily)The properties are either vacant or occupied by tenants, not owner occupiedThe property value is usually higher than both the UPB and the legal balance, sometimes significantly higher than theNow it is important to mention that I have very little experience with issuing notes and buying performing notes.

Is buying a new owner occupied 2-4 unit multifamily property every year using 3-5% down payments a good strategy to scale?

feature=sharedYes, it's unfortunate you are in this situation, but blaming others for your naive decisions won't change anything.PROPERTY ADVICE: you didn't mention if the tenant is now paying on-time, sporadically or if you're evicting them.Because you still want to sell, let's assume they are not paying on-time.1) Can't sell to an owner-occupant while tenant-occupied.- Owner-occupants will pay the highest price for a property.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

I believe in Texas its 6 months if they never occupied the property and a year if they did occupy the property.

Once you have moved out, you no longer will get owner occupied rates!