I used the BP rental calculator and the numbers with me being owner occupied did not look so good, but with me not living there, which i plan to do relatively soon and get another property were great!

Here's my question: Will your current primary become a good cash-flowing investment as a rental, given that you need to refinance it into a non-occupier (higher Interest and/or shorter term) Loan, at 75% Loan-To-Value? 

However, 2 families are excluded from rent control and if you owner occupy that 2 family you are excluded from most of the hardest rent control ordinances.

This is the minimum elevation above the Base Flood Elevation ("BFE") that the lowest occupied floor must be.

I was always under the impression that owner-occupied FHA loans would have a lower interest rate compared to a conventional purchase.

The best move IMO would be to buy another owner occupied home, this should only require 5% down,  and then you make your old home into a rental.   

Also, regarding purchasing the property in an LLC, you won't get commercial funding in an LLC for an owner occupied property.SorryStephanie

I am occupying one unit and rented out the dublexed first floor/basement.

Breakdown of the park:47 lots (6 rentals 15 owner occupied)21 filled17 vacant trailers (I have a crew that remodels trailers)9 vacant lotsLot rents: $298City water & septic - billed back to tenants. 

Financing: conventional owner occupied. units rent for $650 $650 $700.