That’s absolutely ridiculous. can you get around that clause by “non-renewing” with the current tenant that wishes to stay and then having him “re-apply” with the new property management company once they take control?

Non-owner occupied you’ll be lucky to get a loan less than 20% down, but if you’re moving from your fha house hack to a new house hack perhaps you can get 5-10% down.

I stands for inimitable and N stands for non-substitutable. 

@Justin Dyer since the BRRRR strategy requires you buy a property at a discount, usually distressed, you need non conventional sources for the purchase.

A few days later, I had a verbal commitment by a friend mine (of 30 years) which is also a real estate investor.  

@Allen Lopez Since you didn't call your LO first, I'm guessing you commingled the non-family gift funds with your own main down payment funds for the new house?

I have seen many properties even non lake fronts make good money out of it ..

I have pulled the "I just happen to be here" trick with non cooperative tenants, including a tenant I was needing to catch who was in the process of being evicted. 

I was able to take a non-recourse mortgage at 50% of the value and go buy another rental property worth $200,000 at 50% LTV so now I have two houses generating over $3,000/month in rent from the original $140,000 investment. 

:)yup non owner occ redlining.. we all know owner occ redlining is illegal..