Investment Info:Large multi-family (5+ units) buy & hold investment in Richland Center.

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

I just want to hold on to this rentals and rent it out and hold it hopefully forever.

I will have to hold out for a bit to cash out refinance to make it worth it.

However, if you as the owner are moving in, that would be a valid reason, so long as you give them ample notice time -- 60 or 90 days I think, depending on how long they've occupied.As for the other tenants, if this is their first lease term and they've lived there for less than a year, you can simply give them a non-renewal 60 days in advance of the end of their lease. 

Great terms - watch out for stuff too good to be true

Ensure it meets safety and zoning requirements before using it as your primary residence to avoid violating any laws or terms of your owner-occupied loan. 

Worked with Credit Consultant to increase score for better rate and loan terms.

I work with The Short Term Shop and they specialize in helping investors purchase and learn to run and manage their str's. 

Investment Info:Large multi-family (5+ units) buy & hold investment.