I recognize the appraisal will be set based on comps, but what a buyer will pay will take into account the current rents because of the difficulty in raising the rents (cash for keys, rehab extensive enough tenant cannot occupy, move in immediate family). 

Right now I only have to pay 460 a month to cover my full mortgage since I'm currently occupying the premises This is really one of the best decisions I have ever made!

If you intend to occupy and rent out the rooms do not convolute your acquisition with investment real estate return metrics.

No owner occupied properties, but rates are doable and the process is easier (not faster) than conventional mortgages.

Do any of you know if there can be two buyers listed on an FHA loan, each of us being in different states, do we both have to occupy the property or can just one of us live in it to satisfy the OO contingency?

Both units are occupied with long term tenants.  

A great strategy to consider if you’re looking long-term at investing, but also want to buy a place to live, is to look at buying an owner-occupied 2-4 unit.

Currently have: 2.999% interest rate on 170K loan of 300K property, 30 yrs fixed (non owner occupied fourplex, purchased 2 years ago)Thinking about this quote: 4.375% with 1% origination fee or 4.875%, 30 yrs fixed, cash out refinance, attempting to pull about 150-200K equity (estimating property value is now 425-450K) out to purchase newer SFH home or duplex to house hack.The rents from fourplex total about $3100/mo.My goal: To purchase a duplex to househack or SFH property to live in for a year with cash from cash out refi.What are your thoughts on this?

I have identified a few multi-family rental properties that I could owner-occupy in order to use the lowest down payment as possible (3%) and generate positive cash flow.

. (~$200 - $400 monthly)Current net cash flow from existing REI will cover construction time related carrying costs Phase 2: Post Construction / Tennant Occupied Rent the three units for $1200 each unit / $3600 total (our team feels we could yield ~$1300 – $1400 per unit present day.