My biggest pet peeve with it is it doesn't allow for whiting out.

Often what I've found over the years is if a relationship exists with the owner and the tenants that they will express a lack of communication to the owner anytime something doesn't go their way.

As a business owner and with my wife being a physician, we have found a shared passion for remodeling homes and unintentionally turning a profit with our past properties.

The only issue is my job is 2 hours away from the triplex, by September I was looking to transfer and find another another job down where the triplex is   When I apply for my loan would i be able to apply as owner occupied?

Not sure if this is a cash flow first/only kind of property or an owner occupant quality one.

I've applied for a conventional loan: 3 units, owner occupied, NJ, 5% down.I have enough W2 income to cover the loan and additionally, there are two units rented already. 

There is a cabin on the property that can accommodate additional 6-10 guests but the current owner has chosen not to rent this cabin despite the numerous requests.

@Polen NA if you have limited capital to invest I would recommend you buy one at a time and use owner occupied loan to buy properties.

We are evaluating this to reduce our HOA insurance requirements under NRS, and shift the unit insurance onus to the owners.

The owner has been gone for at least 2 months.