If its an investment property you won't be able to HELOC it but if you owner occupy it you can HELOC and usually use up to 90% of the value.The other option is to cash out refinance at 70-75% LTV and use those funds to reinvest TAX FREE.The downside of selling is that you'll have to pay taxes or defer paying taxes (if 1031). 

Census.gov frequently has info on owner-occupied housing unit rate.

If you are looking for 3% down conventional, chances are you will need to owner occupy. 

And I have kept most of my short-term rental units occupied all year long.Only if I was young again, I could imagine house hacking and rent short-term to some exciting foreign guests, so much to learn from different cultures, or renting a room to a doctor or lawyer while they look for the primary home, what great connections you can make.If you are looking for 20% plus leverage returns or want to leave rent-free by "house hacking," Tampa is the place to go.

I would like to ask a tax question here since I am a noob and still searching for a cpa :( Scenario: - Buy a triplex of 1.5m price with 20% down conventional loand - Loan amount : 1,200,000- Owner occupy one unit, and rent out two other units.Questions:1.

It's realativley easy to get started, low downpayment owner occupied loan, and it eliminates your single biggest monthly living expense: housing.

In my experience, the most common reason for denying random access while in escrow is if the condo is still occupied by the seller or tenants.

If you were to owner occupy a small apartment bldg in any city what would you choose?

I am looking to purchase my second owner occupied small multi family (3-4 units) later this year and looking for recommendations for local credit unions or smaller regional banks that people on BP have had success with.

You can skip trace to find things like phone numbers or non occupied mailing addresses.