You would also take 3/4 of PITI and 100% of the expenses of your 3 rental units (none of the expenses to the unit you occupy) and that would be expenses for your rental business.

Think - the space a carpet supplier might occupy with a small amount of retail up front and a large warehouse in the back. 

I tried to get an online quote with the usual insurance companies, and I am getting an online response saying they don't provide insurance for non owner occupied properties.I am wondering how other folks in CT are getting HO6 insurance for their rental condos in CT.

Cash out refi will be limited to 75% of ARV and interest rates will be higher than 3% for nonowner occupied.

@Eric Greenberg yes i also definitely don’t love the idea that 2 of the units would be occupied with everything going on.It’s in South Philly, where i’m from.

Utilities in this area (-electric, water, sewer) are about $100 monthly if occupied. 

I have an opportunity to purchase a class A self storage facility in the Midwest that's 85% occupied for $11,200/unit. 20% of the units are climate controlled.

You must intend to personally occupy the property as your primary residence.

Hi @Evelio Martinez,Sorry I can't speak to the South Florida market, but I was able to get a non-owner occupied HELOC on an investment a few months ago.

@Jose Grimaldo To start out, I did a cash out refinance on a house I owned, then used owner occupied financing to get the 2nd and 3rd properties.