Most owner occupied in this area. 

Owner occupied but you live in CA do you have a job in Hawaii to show full doc? 

Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.

There was an investment property listed by one of the owners.

@Kim DurstHold $20k in reserves, close and get it fixed in 3 months and what’s left over goes back to prior owner

Is there any difference in product/rate if the building is owner occupied?

You won't have specific knowledge or insight to share with owners, but you have you're youth and hunger to do what it takes to succeed. 

Low purchase price and owner-occupied loan to keep down payment and carrying costs low to fund the construction costs.

You also have sellers who are financially less literate and make knee-jerk decisions.To your point, off-market deals in B and C neighborhoods are often overpriced, because the owner felt that their house is worth more than what the 5 agents they asked for an opinion told them.

The owner is selling one of the rentals and the assets are incorrect.