Search on Airbnb and see what other properties are renting for off of the beach and how many nights they are occupied (look at their calendar availability) to help run your own numbers and make sure they work.

This is 90% occupied for at least 90 days before closing.

Has anyone done a historic rehab reno of their owner-occupied unit that qualified for the Illinois 8 year property tax freeze incentive? 

What can be done about purchasing an occupied flip during Covid?

I'm still looking for my first deal, but many of the places I've been considering still has all units occupied.

My conventional lender told me that they can only consider me for a renovation loan if I will owner-occupy the property.

I'm currently closing on a loan of $256,000 (residential owner occupied) at 3% and my closing costs are very similar to yours.

To add to @Nathan G. list: Hoa fees (these can be huge) Property management fees (again, can be huge… like 40% of gross)Storm & special insurance for houses on the coastSome states have special (read: higher) tax rates for properties not owner-occupied.

I have a few questions on how to tackle this deal-Can I offer cash for keys to get the tenants out so I can use an owner occupied FHA loan?

If I finance a property as an investor (not a resident) on a duplex that is occupied with long term tenants and I put 20% down, would it be realistic for me to qualify if I have a high fico and the rents offset the mortgage?