The primary residence exemption would only apply to the unit you occupied.

Success margins are tight though, depending on your strategy.Long-term buy and hold folks should anticipate paying retail and bidding against owner-occupied buyers.

Just get rid of him and find a qualified renter to replace him.When more than one renter occupies, they are under "joint and several liability" which means each individual is 100% responsible for the terms of the lease.

Tiffany Mazzoccoli. 2021Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Signature Federal Credit Union 75% LTVSound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”S&T PennsylvaniaTCF BankTD Bank TIAA Direct was EverBank Trustco Union Bank, specializes in noo HELOC.

If a unit is vacant, I will only hold it for 14 days (depends on situation) and then expect them to pay rent and other expenses even if they won't be occupying for a while.

Will you occupy one unit, or rent out both units?

There are lower down conventional programs for owner-occupier.

Do i need to refinance my first home as an investment home given that I will no longer occupy first home? 

Just wondering why you need to refi after just purchasing a full occupied building. 

Are either of them owner occupied?