.-- Or, because Westminster allow for non-owner occupied short-term rentals, you rent the whole house for around $4500-$5500 gross monthly rent.Numbers aren't perfect (unless you do the STR), but you own a home that someone else is paying the majority of.

(the owner) is a really good friend of mine and I'm excited to see them start to make improvements to the system. 

Can usually allot 5-10% vacancy factor and same for maintenance.9) Class B usually also okay, but needs more attention from owner and/or PMC.

Most if not all owner-occupied mortgages will require you to occupy the property for a year unless a major life event causes you to move. 

They are now requesting/requiring listing an “owner” as additional insured.

Also have a requirement for previous landlord or home owner ship.  

As am the owner, will I also require some license to manage my own properties ?

If so, how does it work and where do you find owners interested in such an arrangement?

Better yet, I would take advantage of the Feds incentivizing owner occupying loans by opening it up to 3 and 4-plexes, and house hack where I live, taking advantage of the low down payment and lower interest rates.

What else has the current owner neglected or just ignored?