Lenders are currently overrun with residential (owner occupied) refi's and they take about 60days with backlog, so they prioritize purchase loans generally.

Since the outbreak I’ve had to move back to the US and still want to accomplish my goal of buying my first property this year.My goal is to find a duplex or triplex to live in one unit while renting the others as an owner occupied property.

Answer to your question is just do as non owner occupied investment property.- Where are the best places to form my team when looking out of state ( Contractors, handymen etc..)See question 2.

Mortgage use non occupied rate unless house hacking.Soft costs are variable and you don't know when they occur.

We're purchasing a owner-occupied home with an unpermitted ADU unit over the garage.

You could actually end up spending less getting into something owner occupied out here in San Diego.

Time to get it fully occupied and take down another!

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

All of the lenders I work with on a normal basis tell me I need to have 2 years of commission pay to qualify for owner occupied loans. 

BankRI will do 5% owner occupied even if you already have a multifamily.