It needs little repair/work as the owner is a contractor and his daughter initially lived in the home, so he's kept it up-to-date.

Lewis, individually and as a principal and owner of Nudge, LLC, Response Marketing Group, LLC, and BuyPD, LLC; Ryan C Poelman, individually and as a principal and owner of Nudge, LLC, Response Marketing Group, LLC, and BuyPD, LLC; Phillip W.

If you have excellent credit, a track record owning rental properties, Loan Amount is over $150,000, you are the sole owner of the entity, and you have the reserves,  Most DSCR lenders will give you a great experience. 

One of the best strategies if you are so inclined is to move from property to property every 1-2 years and you can do this with single family homes up to 4 unit multis and get low down payment loans on them of only 3.5-5% down payment owner occupied as opposed to most of the investment loans that require a 20% down payment.

Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be paid from the LLC for self-managed expenses/labor?

Is it an HOA item, or does each owner own their respective roof.  

When compared to bigger complexes in desirable neighborhoods, these properties could have a higher potential for cash flow.Examine Financing alternatives: Look into financing alternatives, such as FHA loans with low down payments, that are geared for first-time homebuyers or owner-occupants.

Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?

Presently they are only allowed if the owner lives full time at the same property.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).