Occupancy: Will be owner occupied until fully renovated and ready for short-term rental market.Value of property at present and/or your offer price: Last tax assessment was $117K - seller is adding a metal roof and offering for $115K.   

You as an owner intending to occupy can evict under current statute. 

While some are being purchased by large investors, many others are being purchased by owner-occupies, thus taking a rental unit off the market for each of those occurrences.

We' re looking to exercise the option and get financing at 75% LTV fully owner occupied so we can purchase the building and put some cash in reserves. 

It needs a major rehab to get all 6 units ready to be occupied. 

It is tenant-occupied at $500/month.

I’m thinking my first step is owner occupied multi family.

I have an opportunity to purchase 4 acres with 4 mobile homes that are currently tenant occupied.

Right now owner-occupied residential you'll be around 3%.

From everything I've read (and it's a lot) it can take up to 15 years to reach a break-even point and that's in an owner-occupied home.