Ideally you can find a multi unit (2-4) to increase revenue.  

Jalen,There is actually a Portfolio program that will only require 15% down for any investment 2-4 unit multifamily.

I lived in an owner-occupied building with 2 total units. 

This criteria is for 1-4 and 5-8 unit programs.

The current rents are $600 per unit, and the seller mentioned significant renovations over the past two years.

And you have a tenant in the unit you are NOT currently living in correct?

We currently self manage but would like to turn them over as well as purchasing a few multi families in the very near future.We have a sfh in Myrtle Beach and love our pm down there so I know good ones exist.

We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc.

One of my clients saved $800 a year and another client with a smaller 2 unit saved $400 a year.

The only thing was, got a break from the seller when on purchase, prices went up like crazy, so after 15 years, 1031 the property into another.Talking about tenants in their 70's, I looked at a property here some years back, rent controlled, tenant is paying $98.00/month on a unit where the market rent was $800.00, and the tenant at the time was 90.