I’m thinking my first step is owner occupied multi family.

I have an opportunity to purchase 4 acres with 4 mobile homes that are currently tenant occupied.

Right now owner-occupied residential you'll be around 3%.

From everything I've read (and it's a lot) it can take up to 15 years to reach a break-even point and that's in an owner-occupied home.

If it doesn't produce positive cash flow when fully tenant occupied then I would be very hesitant to move on it.

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.