I occupy one as my primary residence and the other is a rental, this is my only property.

Luckily I've occupied the property 4/5 years I've owned it, so I don't have to worry about capital gains.

Hi BP,I'm looking to purchase a 2-4 unit owner occupied property in an A/B neighborhood in the capital region of Upstate NY.

Unlikely you will get a 3% refi for non owner occupied.

@Theresa HarrisYes, we did constantly tell them we believed that was the law and because of the pandemic and lifting of the moratorium (we have a had a ton of turn over this year, but we are fortunate because the last three years we had all 16 units occupied by same people) they could not find a place that was suitable for their size.

You'll have to become an expert at finding and converting motivated sellers + an expert in analyzing deals (including construction and acquisition costs).If you want to eventually get into buy & holds, I'd start there... you can start with a low-down-payment owner-occupied househack, multi-family or other rental property deal.

Since I'm planning to owner-occupy, I initially thought a FHA or other small down payment mortgage would generate the best returns, and after reading a few forum threads it seems like that's what people usually recommend.

Purchase price: $170,000Rent: $2252/moMarket Rent: $3000/moThe property is currently occupied getting $2252/mo with month to month tenants.

They did both my house and a rental we have that is currently occupied with tenants. 

Conventional loans require 15% down on an owner occupied duplex.