Small multi in the 2-4 range has a very limited inventory in the Tulsa market.

There are many ways to build wealth via Real Estate (RE) investing even when limited to buy n hold. 

I would say no because 1) she doesn't report her income (not a good sign) and 2) if you feel a larger deposit or extra prepaid rent above what you would normally require, it would seem that you are already expecting her to be a liability - which usually, they will be. 

As a landlord you have very limited rights once a tennat is in place.

It is important to put the limiting selectors into your list so you are only mailing to people who own property you might want to buy.Whether or not this first deal works out, you will at least learn a lot.

I understand we have to live in it as a primary residence for at least one year but are there limitations with actually living in the home?

Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home (loans with a loan-to-value ratio of 90% or more are limited to a maximum $200,000 credit line).

“I wanna buy a multifamily” is different than “I’m interested in 10-20 unit apartment buildings for $800K up to my pre-qualification limit of $2.3m” which is different from “I wanna house-hack a triplex” which is different from “I’m looking for a seller who is willing to owner financing a deal with zero money down”.

You can bypass that limitation by establishing a commercial loan and consolidating all the loans into one larger (portfolio) loan.In summary, find a property with positive cash flow and don’t let "limitations" stop you from building your rental portfolio because there is usually a work around.

From the accountant:Both liabilities show up on the corporation’s books and both need to be paid by the corporation.