I purchased a rental over the summer that was already occupied.

Hello Tom,I own town house in Tampa as far as I can remember that is part of the process that you have to go through to get the unit occupied. 

@Michael Williams  I believe those are for owner-occupied properties only, so can't be used for investment properties.

Easy a condo, fix and rent and hold for a few years and after you occupy for a year then you can rent out as a furnished rental and cash flow - hmm ok. 

Use and OccupancyThe Premises may only be used strictly for residential Purposes and may only be occupied by Tenant andTenant's spouse and children.

Some could have restrictions if you want to live in the same general area, as they're probably more in the business of making long term loans, vs shorter term loans.Remember also if you want to buy two, the 1st one as owner occupied you might get away with 3-5% down conventional, but on the investment property they might want you to put down 25%. 

I want to serve notice to one of my units under the grounds of intent to owner occupy, and I want to make sure I am fully complying with AB1482.

I am using traditional owner-occupy residential lending at this point, so buying multiple properties will require more money down in a market that I cannot afford to spend 25% down on multiple properties.

If you have a job, getting an owner occupied property is your first step.You can get an FHA Loan to buy and fix SFR's, Condos, 2-4 untisFHA 203 Loan is one loan to buy and fix. 

I'm wondering if you found a lender who will do a HELOC on a non-owner occupied.