The next property will be another owner occupied.

If you can't make it work with a commercial loan don't do the owner finance deal even though it is great.  11. 

.: Quote from @James Miller: does any one know the brother of the owner? 

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

This is a common misconception but we're an online platform where the owner chooses their own price and selects their own tenants.

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there.

One was purchased a  few years ago by an out-of-state owner who has decided to sell and has doubled in value.

For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

Eventually people die off and the homes go up for sale cheap, get abandoned and the park owner picks em up cheap and takes in the extra little bit of cash for the POH rental. 

@Brad Kanouse,I believe this is a duplicate of this post:https://www.biggerpockets.com/forums/311/topics/1210256-usin...But regardless, here is my answer:If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.