The population is holding steady over the past 10 years - no growth but no contraction.Current landlord:-Bought the property for $40K in 2016 and it and others around it have significantly appreciated since-Claims he is selling because he is moving and getting older-Property is occupied on a month to month and he claims they would consider a long-term lease. 

and both units were occupied at the time.

@Syeed Shah,   Although I am unable to cross collateralize anything owner occupied we do fund many projects using another home as the down payment.   

Perhaps one of your parents is willing to be a non-occupying co-borrower on the loan to help supplement your lack of income?

AS IS” Residential Contract For Sale And Purchase (Florida Realtors) You will need to notify your lender that the property is not owner occupied and that means paying a higher interest rate and coming up with 20% down payment instead of 5%.

For a non owner occupied 75% ARV or 270k mortgage which will net you 130k of cash to use on the purchase of the next property.

If you are looking to invest in rentals, are you looking to owner occupy?

@Jennifer KnestrickIf the property is 90%+ occupied for the last 90+ days; I would suggest looking into agency debt.

Owner occupied needs to get offer accepted by July 15 to be in the house for the school year, that piece of purchase market will slow way down come August 10. 4 million people in forbearance, with no modification happening yet.

It just depends on the situation.I buy industrial/warehouse 30-100k sq ft, mostly occupied, single or multi, newer than 80s, at least 3+ years left on leases.