I knew that this would be our last chance at buying a three-flat for quite a while, so we pushed hard to find another option.That option turned out to be, refinancing our two-flat, again, as non-owner occupied and then buying this three-flat with an FHA loan.

Anyone want to share their "pitch book" with the public?

Additionally, consider the availability of public transportation nearby.

I mean, if you don't know any other way to reach her how can you hunt down this non-present person?

Another thing to keep in mind is, depending on your tax bracket, you may better off putting the money into non-taxed municipal money market funds.

For non owner occupied you're looking at 70-75%.

Finally I get the non-quantifiable ability to have a family member close by to babysit.

Are you putting the money into non real estate investments, or other investments in general?

@Ethan Cooke  thank you   and thank you to the rest who responded.as I am sitting here drinking my coffee I am thinking its probably not fair to the neighbors to do super short term rentals I have seen houses trashed by parties and my house has far to many nice things to even remotely risk that one.So probably either not rent it and leave it vacant or if I do take a 6 month lease at a time with a very well qualified NON smoking no animals tenant with a large deposit..

These are public record and there is a GIS Database (Portal Catastro Digital y Productos Cartográficos (crimpr.net))where you can access this parcels to see their "Catastro number", owner, area, the assessed value for both the land and the structure for tax purposes and you should also see the date of the last sale and the price.