As we all know, Fannie Mae has come out with their 5% down, owner occupied loan for multifamily (2-4) properties.

Welcome to the site @Eric White!

That's where you buy a 1-4 unit property owner-occupied.

Hello,I received a call from the owner of a neighboring property.

Families thrive there and save money on housing while becoming owners with equity. 

That's a red flag for someone trying to use a business-purpose loan for owner occupancy, so many lenders won't allow it. 

In most states (or all) hard money lenders won't lend on owner occupied properties because they fall under far more strict regulations.

Owner financing, buying subject to, Owner carrying back a 2nd for just the downpayment part.

It turns out that the tenant had not paid the rent in November and December (and ultimately January too), because the previous owner allowed the home to fail 2 section 8 inspections before I purchased the property.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.