If you refinance as an owner occupier, but then soon after apply for an owner occupier on another home, that could raise flags.

On a recent short sale we did, there we had to sign a form certifying that the seller would not continue to occupy the property through a lease or otherwise..What is the source of this prohibition and why?  

The units are 2/1 and rent for between 550-600 month and is fully occupied. 

But if there is no benefit to me, I'll just advertise at rent minus x w/o the insurance rule.In case it matters, this is an owner-occupied building.

As long as you live in one of the units it would be considered an owner occupied property

I buy a duplex that is currently occupied so my next rental, I will give Cozy a try. 

Would that disqualify him or me from qualifying for an owner occupied home loan in the future.

thanks@roseborgesI thought that the 203k was only for owner occupied that you have to live there? 

Is it owner occupied?

I have not found a single family house but would look to spend around $350k with a 20% down payment.The multi family house I have found and am considering purchasing is a duplex that is outlined below:Asking Price: $500,000Loan DetailsDown payment: $100,000Loan Amount: $400,000Interest Rate: 4%Loan Duration: 30 yearsRent RollUnit #1: $2,500 (owner occupied)Unit #2: $2,000Annual ExpensesTaxes: $17,500Insurance: $2,500Other: $12,000Capital Expenses: $40,000The duplex is located near NYC, one block from the train station so it is both convenient for me and should be no problem to rent.My questions are listed below: At what purchase price does this duplex make sense for a buy and hold strategy?