Keep in mind, both of these loan products are for borrowers who are owner-occupants, which means investors can use these loans for house hacking-- not for short-term flipping.

Looking for a lender that would feel comfortable with the value of property I already own (free and clear)Current or prior ownership of real estate: Currently own - Current townhome $250-275k (free and clear), Investment commercial warehouse $300k (free and clear), 50% owner in out of state (South Carolina) single family home $275k (free and clear)Occupancy: Current townhome occupied by us, will list for sale once we move - Investment warehouse is fully rented - Out of State home used as vacation homeValue of property at present and/or your offer price: We're shopping for a home in the $400-425k price rangeAfter repair value: $400-425kAnticipated or actual appraisal issues: Actual valueCurrent rents per month: N/A - Will be personal home, not being rented outFair market rents per month: N/aDown payment or equity: We will put at least 20% down, probably $100-150k down paymentSource of down payment funds, if applicable: own fundsIncome Source: self-employed (Retail) and more recently landlordGross monthly income (optional): $7,668.00Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc:  Maybe $400/month at the mostFICO: Excellent - 814 (TransUnion) as of 12/18/18, 810 (Equifax) as of 12/18/18 (via Credit Karma)Credit issues: No credit issues. 

While contacting the occupant may not be on your radar, I've gotten very good information about the condition of the inside of the home from neighbors.   

Assigning contracts is one way of wholesaling, and the preferred method for many wholesalers.As for values, you can assign a property for 50% below market, 10% below market, at market value, or even 50% above market value (if you can find a sucker to buy it)...but obviously, the further the property is below market value, the more likely you are to sell it.If you can find and resell a property at 50% below market value, you'll have investors (and maybe even owner occupants) lining up to buy it.

I'm sure if you asked any hotel operator in your area they would love to have an 80% occupancy rate.2.

.) / 9.0 % (cap rate) = $422,222 (Your Purchase Price)Your up side:30 Space Park, 100% Occupancy, $320 a month rent roll = $115,200 yearly rent$115,200 - $34,560 (30% park operating expenses) = $80,640$80,640 (N.O.I.) / 9.0% (cap rate) = $896,000 ...I would sell at this point :)3.

As an owner occupant you can get your earnest money back if you find something that was not preciously disclosed on the PCR.

I have sent yellow letters to out of state owner occupants but Austin is an ULTRA HOT market so it is much harder to get properties that way.

As long as the written lease is legal, enforce it.If what happened to you, happened to us, the tenant would be in violation of our rental agreement for moving in an Unauthorized Occupant.

I could turnover a vacancy in 30-45 days and go back to sleep.I got into the MFU via a SFR 1031 and had to scramble to find it and to determine what occupancy would be  the break even point (net zero profits).