Hi all,Hoping for some thoughts and advice on a financing strategy I am hoping to use on my first house hack.I purchased a SFH with a MIL duplex that is paying 2/3 of my mortgage.I paid using a 10% conventional owner-occupied mortgage. 

You MUST occupy the home for some portion of the year and you definitely CANNOT use projected renal income to help you qualify.

Hey Team,I'm nearing the end for a purchase on an owner occupied duplex.

Owned more than 5 years, never owner occupied. 

It is tenant occupied. 

@Sandra Regnell adding your PMC to your insurance policy is standard in the industry as a PMC CANNOT get liability coverage for slip & fall lawsuits on properties they do not occupy or own. 

I THINK the rules state that we'd need to rent out the new property at least 14 days during the 12 months after purchase, and NOT occupy it ourselves for more than 14 days during same (with the exception of staying there while doing work on it). 

If you bought it as is and it was owner occupied, I'd toss the stuff. 

Occupied SFR What made you interested in investing in this type of deal?

Purchase price: $160,000 duplex, fully occupied.