Sorry, can't help with the occupancy question.

If its a 4 unit or less property and you are moving in to it, then yes, you may be able to get into the home with less than 20% as owner occupant properties tend to require less down payment than investor property loans.I believe that the fannie mae properties would allow fannie mae to do a loan for less than the normal down payment.

Here is the number and scenario.Purchase price: $255,000Unit : 7 units Bedroom: 5 ( 2 Bedroom) and 2 ( 1 bedroom)Occupancy: 6 out of 7 in the last 6 monthsIncome: $55,200Total Expenses $21,657Expenses as % of GOI 39%According to the local lender, 80% of the appraisal or 205,000 for a first loan. they are comfortable that seller carry second as soon as 1st and 2nd does not exceedi 95% of the value.Seller agreed to carry 45k for 36 month @ 9%.

I'm not positive (never had an FHA loan), but most owner occupant limits are 1 year, and I thought FHA was the same.I certainly could be wrong...

Almost 100% occupancy for month after I put up on lower side of market, but w/ no reviews..Will try to get each unit as they get rehabbed and come on market.Owner will NOT sell most likely.

Same thing at turnarounds, I can recode a lock in about 15 seconds, so no one but the current occupant (and us) has access.

If you sell your note to another investor (non-owner occupant) then DF rules do not apply.

I agree a quad has better breakeven occupancy.

I have no idea what the penalty for lying about occupancy would be, so can't comment if it would be worth the risk or not.

If the unit is done and clean and ready for occupancy I let them move into unit one week early without paying a prorated rent.