Doing it this way will allow you to have a lower down payment, 3-5%, since it is owner-occupied!

In Texas there are special rules for owner occupied homesteads.

Due to timeline we won't be able to use an SBA loan, and it's a turnaround (40% occupied with no marketing, no online presence, no automation). 

Hello BP'ers ... long-time NY (Saratoga area) member, but have only been a casual on-again, off-again reader.Looking for guidance on transitioning from our single-family to a duplex, triplex or quad, the multifamily as an owner-occupied investment property that will allow us to retain a NY footprint -- driven by family's center of gravity -- and have an $income component, then transition over the next couple of years South (NC, SC or FL).We would prefer to stay in our single-family residence, then move into the multi-family while simultaneously marketing/selling our home. 

Currently, it is being occupied by a tenant who plans to move out at the end of the year.I am seriously considering venturing into Airbnb, however, I am an out-of-state investor and would need to utilize an Airbnb turnover and management service company in the area. 

While it may not make a 5 unit qualify for an owner occupied loan it would reduce that partner(s) expenses.

Or will the lenders look at the duplex as an asset (once occupied by tenants) I’d appreciate any feedback.

occupied cash flowing and seller is open to financing it.

Hello, I’m exploring creative financing for a currently occupied duplex.

Does anyone have suggestions of best business type for owner occupied rental building in Illinois?