Background: STR owner/operator and insurance broker. 

Owners license got revoked due to violation.

Partnerships can get a bit messy:Partnerships need to have contributions between two or more people, sharing in profits and losses Partnerships are passthrough: they dont pay tax, the owners do via the schedule k1 then on the 1040The amount on the k1 is not necessarily a distribution.

@JT ThomsonEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

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

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.

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. 

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?

@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.