My only previous experience with lenders is with mortgages on homes I've owned & occupied, not REI properties. 

In my company, I only charge a fee when the property is occupied, which incentivizes me to fill them and keep them filled.

The numbers would still cashflow with one of the three units being owner occupied (vacant), and was thinking of doing AirBnB for my unit while away at school to help improve the cash flow while I'm gone.

I own and live in a building where the first floor is an active business. I already own the equipment to clear the parking lot. But this is my first winter with another tenant in place, and I thought it would be appro...

I did not want to account for that additional income since I tried to keep my calculations solely as though I was not living there and what I could get for it being 100% tenant occupied.  

My biggest worry is putting myself in a situation, where people are occupying units, without pay, and without chance of vacating.

Hi Victor, as a first step I would consider reaching out to some local banks to get pre-approved for an Owner Occupied Investment Property. 

Tina,If this were at flip to a rental property, not an owner occupied home, you might have less resistance.

I would not advise you to do a deal like this with that many partners much less owner occupied.

My suggestion would be to find some deals, draw out the various scenarios such as 20% down owner occupied with no PMI, 3.5% down FHA with PMI, or 5% down conventional first time home buyer.