Check your mortgage docs and with your servicer.You'll also need to look into:- Impact on your property taxes: some areas have different millage rates for owner-occupied vs non-owner occupied properties.- Impact on your home insurance: you'll need a landlord policy and confirmation of what will happen if vacant for more than 30 days.You should also consider impact of selling.

Common for tenants to ask for rate reduction, rare owners give it.I suggest you do everything you can to keep the tenants if you can. 

However, if you're using a discount company that's allowing you as the owner to set the rent price, approve or deny apps, etc. then your issue could be one of many things. 

Even the largest owners of real estate in the country don’t do this, and they try and squeeze every penny

 tenant intiially voiced they wanted to stay at least 4 years due to the school district before signing. we are almost through year one with them, and will need to restructure our lease in a few months. they have been fine tenants.i was thinking about incentivizing it, but want some expert opinions. they currently pay 2795 a month, but a total of 2863 with the property mangement fees( pet and "convenience" fees) but we are getting rid of our property mangement company and doing it ourselves. trying to think of the best way to pitch thisso what i was thinking was:2863 for 3 years ( it would stay flat for 3 years)2925 for 2 years (flat for 2)2975 for 1 yearthoughts?

Dodd Frank will apply...see below.Not More Than 3 Properties Exemption Any person or entity cannot provide seller financing to an owner occupant more than 3 times in a 12 month period without using a MLO (mortgage loan originator).

Los Angeles City here~Our 3 bedroom 2 bath, fully gated, pet friendly, flexible lease term, located in Sherman Oaks 91403 near Galleria is coming to market for rent in July 1st.

Meaning that 75% of the rents on all 3 or 4 units, even the owners unit, must at least equal the total monthly payment.

I purchased property 11 years ago and the owner financed the loan for me.

In speaking with fellow investors they agreed, if you're willing to owner occupy and the numbers work, it's a great way to get in without having a ton of capital.