I have always wondered if such investments are made by someone who is retired, has lots of time and money, and is looking for a hobby to keep occupied?

@Matthew Brill what do you mean by “non own occupied loan”?

TBD but so far property is fully occupied, functional and cash-flowing.

@Essence Leandre we find a lot of success targeting tenant occupied lists, the main reason being… there’s a lot less competition!

Purchase price: $810,000 I'm a big believer where there's a will, there's a way.My girlfriend and partner, Emily, and I are one year into real estate investing (we started with an FHA owner occupied four plex) and we've known from the jump we wanted to scale to commercial multi-family properties sooner rather than later - for the ability to force appreciation.

In Indianapolis, the tax rate is 2% of value a rental, 1% - homestead deductions for owner occupied.

They typically will not lend on owner occupied properties and many won’t touch properties with tenants in place. 

The properties I’m looking for are going to be owner occupied to cash flow from the start but I wouldn’t mind fixing a home to eventually rent out.

Have about 50K in cash, but also have about 125K in equity in owner/occupied home.

In addition, many trailer parks are hard to deal with for flips, non-owner occupied rentals, etc.