It is a pretty big deal to break owner occupant rules on loans, it is fraud pretending to be an owner occ when you are an investor.

You have to do some pretty egregious things with HUD to be banned from buying their homes like pretend to be an owner occupant pr make repairs prior to closing and even then they still may not "ban" a buyer.  

I got the call from her, pretended to know what I was doing and worked the deal.

For sake of investment calculation, you need to pretend both units are rented out.

So pretend you are a buyer and you have 180 to buy a home.

But here in San Francisco buildings (especially 2-units, but again let's pretend it's a SFH) are held by tenancy-in-common and people are given fractional TIC loans (typically 5 or 7/1 ARMs, .5-1% higher).

I'm not a tax guy, so check with a pro.It sounds correct about not being able to pretend the partner in the partnership or the partnership itself didn't happen.  

I have spoken to financial advisors and brokers but they haven't shared much insight as they don't seem interested in helping and give me "pretend deals".

@Richard Anderson Yes, the mortgage rep will have to pretend that the LOC is maxed.  

Underwriters are going to start doing silly things like pretend money is not fungible, back the borrowed funds out of your assets to see if you still have enough money without using the borrowed funds, etc.