My question is if I purchase the property as owner occupied, but then lets say at some point down the road I wish to move out and rent the portion I lived in, will this trigger any sort of "due on sale" clause since I am no longer occupying the property?

The general answer to this sort of question is that you need to find out the local laws and be sure you follow those.

After he was done, myself and some of the other members were asking each other, 'Was that supposed to be motivational?!'

This sounds like some sort of hard money/refi situation.

You've convinced the homeowner to submit all sorts of documentation to their bank and gotten a bank to accept a SS.

Here are some details:- The house was on the MLS about 6 months ago and has since been pulled off, now the owner is under Ch. 7 bankruptcy so I'm thinking they will be even more motivated to sell if they are allowed by the courts.- The property is in Ohio.- I want to move as fast as possibleThanks

In this scenario, what sort of money should I expect to be spending on the property itself?

Sort of goes with the territory, though.

Firstly, You are NOT looking for properties, you are looking for motivated sellers.

That matters because a second note investor would want to be sure there was enough room for him or her to get paid if there was a foreclosure.Are you experienced with this sort of project?