Can I rent it out and get an FHA loan on another owner occupied property even though I just refinanced?

Opportunity to purchase a small mobile home park. 100% occupied, 13 homes $667 each a month, $104,100 a year.

The 25% down is only required for a 2-4 unit for non owner occupied Conventional loans.

It's currently occupied by tenants that are under a verbal contract.

Hi all,Wondering if anyone has any advice for the best way of paying for a down payment for an out of state investment (not owner occupied).I'm in contingency for a $200k property that I'll be putting 25% down on so I estimate close to $60k in upfront costs.I have the following pools to choose from:$20k in savings$28k in a self-directed Roth IRA (18k of which is principal)and almost $100k in a company sponsored 401kI've heard various things this year with regard to opportunities to pull from 401k without penalties, but I'm still unclear on all the ramifications.

I found it through another local Realtor investor (owner).He listed it and was unloading it.Most ugly, and problematic tenant occupied house on the block.Negotiated it in person.

My goal was to occupy one of the 4 bedrooms and rent out the other 3 to room mates.

I would highly recommend looking into using your VA loan and owner occupying something.

As the others mentioned, you're looking at 3.5% via FHA or 5% conventional w/ owner occupied.

not a hoarder occupied meth-den that will be worth $20k when it's cleaned up) then you or someone else purchased something low and can (eventually) sell high.