I understand the fear of excessive cleaning and labor, but in my experience it is minimal, especially if you institute a 3-night minimum, or something similar.

@Jay Hinrichs Sorry for the delay responding to your request.

It is like a delayed sale, but they are leasing first, for say 6 - 12 months.No matter what, see a RMLO and an attorney..

See a RMLO (Registered Mortg Loan Orgin) and perhaps look at a Lease Purchase - delayed sale, and open an escrow with escrow instructions along with a Sale and Purchase Agreement. 4.

Brokers that primarily work with owner occupied can cause delays and failed closings.

With a PM, the time and effort is minimal.

So, often times it becomes a matter of delay, deny and defend from their standpoint.

Property was in OK condition and would sell retail with a minimal rehab, but I could find no comps to support a rehabbed property at $200K and I didn't want to deal with it for less (and I hate the area, which was probably the real problem).

Right now 20% of the units are owner-occupied.I am looking to minimize the downpayment to take advantage of low interest rates.

But many times there is something you can do to improve the process so that you can minimize your damages.