I'm looking to refinance right now with a IRRRL so that I have the option to not owner occupy in the future. 

I think there are bridge loans available for owner-occupied deals.

However, it was challenging to get it fully occupied due to families etc that were looking for larger units.

Dewald: Some other good zips are 63074, 63042, 63044 - great for long term rentals.There are good areas in south city left as well :-)I see more and more issues with municipalities like Berkeley, Pagedale where they want to narrow down the amount of rentals within a neighborhood and require homeowners to occupy and won't give out occupancy for rentals.Let me know if you've got any questions. 

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

how many units are occupied and how many are vacant? 

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

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?  

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.

They only know how to do owner-occupied transactions.Several, but not all, agents here on BP though, SEEM to know what they are doing.If they can't help you analyze ROI or cashflow, and just want you to offer asking prices, then what value do they bring?