Yes quite a few of our 5,000 options have rate and term or purchase!

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

Plus today's rates for conventional loans are in the single digits, which are lower than hard money.

Early 2017 investment, assumable, high 3s fixed-rate debt with a 5-7 year expected hold period.

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill. 

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

I've also seen it where legal counsel has had each of the spouses form their own single member LLC and those LLCs purchase the new property as tenants in common.Food for thought - You'll almost always get a better interest rate and terms buying as yourselves. 

Yes. we finally have an APP that lets us provide a rating for the renters.

Is it high appreciation area with a low rate mortgage?

Being owner occupied means getting the lowest interest rate, and a conventional or fha loan.