Its a lot easier to plan ahead and look for a property that is priced low enough to allow you to do a major rehab upfront prior to renting it.

This simplfies things in some ways as there is never a 'tie vote' ;-) I am primarily look for ideas of how to deal with; what if one partner wants out before the target investment timeline (10 years +) , what to do in case of the death or incapacitation of a partner, and things along those lines. 

I was thinking for my first property at targeting the area in MWC close to TAFB, Rose State College.

How I found this deal: I posted an ad on Craigslist targeting a local area for back taxes, foreclosures etc.

You likely have many years of deferred maintenance right now but it will get easier and you need to do that stuff anyway. 

Easier to shoot for in active investing (e.g. flipping) though that comes with risk and is more intensive. 

Easier to wrap their minds around 10 years vs 30 yearsThe P&I makes it worth my time (and servicing fee)And lastly, passive investors will gladly take this deal off my hands for $40k any day of the weekYour situation in AZ is drastically different from my market, so the underwriting will go to suit.Seller financing in general is on the increase nationwide because of regulations.

It costs a bit more but is a hell of a lot easier than trying to get through a residential loan. 

(Easier said than done, but willing to go at it.)Question boils down to: Should we continue to take advantage of no/low-down owner occupied program everytime we move?

Not necessarily who I want to have move in.I thought the advantage of the MTM was if I had bad renters or renters who didn't like to pay it would be easier to get rid of them, but there are ways to get them out without the MTM if it's THAT bad.