Will occupy for at least the first three years.  

Sounds like it could work, I can think of at least three things to look out for.  1.

My offer was accepted and after three years I had both earned my real estate license and increased the multi families housing earning 3x.

I have this property under contract it has three parcels and 7 improvements and three of the improvements are commercial buildings.

How you define the difference  is the amount of time spent on each activity.If you go to Orland for seven days, four of them should be focused on business and only three on leisure.

Three of the units still need to be renovated.

I own a three family home in Massachusetts, purchased with an FHA loan with one of the owners, my son, still living there. 

Regardless of how you find them, try to interview at least three managers1.

I was thinking about buying a single home and breaking it up in to two or three separate dwellings.

Here is a link to the unit if you'd like to see the kind of work we do: Recent Project Since listing this as a rental, we received over asking price for monthly rent and received an offer from someone that wanted to purchase it within three days.It has been very rewarding to receive this type of feedback after how much effort we put into this place!