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.

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

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.

Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).

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

I have an occupied rental i am trying to off to fund a renovation if anyone is interested-1072 bellows!

Most credit unions do not help with non-owner occupied properties. 

Now assume each unit is occupied by 1 person.

For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.