We are on schedule to get it refinanced and occupied within the next few months.

Owner occupied or not?

I don't know actually, but I wonder the reason IF...Would a city push something like this in attempt to drive up ownership by raising the barrier of entry/operations for noon owner-occupieds?

The downside for househacking, hard money lenders are NOT allowed to lend to owner occupied homes because they do not confirm to Dodd/Frank lending laws.

Are you planning on owner occupying the home, to get such a low down payment?

My first few offers fell through and I finally landed one that's in contract.I'm nervous as hell so I thought I'd share the details with you guys and see if I can get some reassurance or at least some advice.It's a 4 unit property for $150,000, fully occupied. 

Assuming non-owner occupied real estate, you are correct.https://selling-guide.fanniema...Scroll down to "Rental Income Calculation Worksheets," download form 1038.Big picture, you should probably be working with a LO that's familiar with this stuff.

It's frustrating, but that's okay.As far as ADUs, they're not required to be owner-occupied around here? 

I, like many others on this site got my start in real estate with an owner occupied small multifamily property.

Apparently two of the units are currently occupied, one by a section 8 tenant, and the other with a non-compliant tenant who hasn't paid rent in over two years.