Once you know the regulations regulating the business you will have the answers to your tenant questions and more.The regulations will include language regarding owner occupancy rights.

All,There is a house for sale in my area by the bank, where I know it is a great deal but the agent says it is being 'Marketed While Occupied' and they are not going to guarantee occupancy and also issue a disclaimer that property might be subject to tenant protection laws etc.

Does the lease have a provision requiring the tenant to pay for costs to repair damages caused by the tenant or other occupants?

Dodd Frank has been active since Jan 10 2014.If you are financing owner occupants it's very important.See my blog on BP "Make money without banks or credit" for a Dodd frank summary.

If so, what's the current LTV, cap rate, occupancy, seller reason for selling, etc. ?

Lookup Vacation Home occupancy, which limits the number of days you can use it and still consider it non-primary. 

@Rick Rivas , yes**a lender understands that an owner-occupant typically does not have the total amount of the purchase price in cash, so they will wait for a loan to be approved.

It is in the first 20 days on market where only owner occupants can put in an offer.I am wanting to purchase this property with a 203K loan.

We plan to have a contract written and notorized in order to have the formality of a business agreement to fall back on.Do you have experience with a partnership where one party provides the majority of the financing and the other partner the occupancy?

If you own the property free and clear, have you considered a HELOC (most likely only a possibility if you're an owner occupant) or a commercial line of credit from a local community bank using the property as collateral?