@Matthew Paul I’d not be able to estimate that until inspection, because the property is tenants occupied.

In that case you could live in one (assuming you qualify of course) using owner occupied financing on that particular property and investment financing on the other three. 

A) Just make sure you can do Airbnb in a non-owner occupied property.

I’m looking at a possible duplex acquisition that is tenant occupied.

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

You did not mention if this is owner occupied or investment property.

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.

I think you could reasonably expect 60% occupied if you price it right, maybe higher. 

Conventional lenders often allow down payments as low as 5%, especially for owner-occupied homes.

The mortgage started 2 years ago before I assumed it and obviously the seller met the owner-occupied requirement by living in it for a year.