Hi guys,I'm so happy to be a part of this community.  I am still trying to figure out how to search for specific questions, so please excuse me if this has been asked.  I'm still VERY new to everything and this would ...

Added 3rd bedroom to one side while tenant occupied - increased rent by > 1% rule.

No, that rate isn't available, even on owner occupied, single family. 

Yes, you are 100% allowed to sell a non performing tenant occupied property. 

I was wondering if you could give any insight into houses that are still occupied or do you only target vacant houses?  

The property currently has 3 tenants occupying the units.

Once you come to a deal with a seller, you will put it under contract (remember, you don't want to waste a seller's time and inconvenience them heavily, so if this is an owner-occupied home, please make sure you are getting it at a price that you will be able to find a buyer for, assuming you don't already have a buyer lined up). 

Hello,I wish to know what are some best practices to depreciate an owner occupied two unit property is it by square footage or per unit?

An Issue that might pop up is if you have lived there less than a year following the HELOC at which point they could close the HELOC.Other than that it is a judgement call on the part of the lender as the loan was made as a Owner occupied and if they want to they can close it.

They can be purchased with short-term funding if improvements are needed before being tenant occupied and when the deed has been seasoned for 6 months (your LLC has owned it for 6 months) you can do a cash-out refi with the LLC as the borrower and it is considered a commercial style loan (even if it is a residential style property).