I have to owner occupy it for a year which is perfect because I will be getting out of the military then and moving to Florida to invest full time.

Hi Richard.You will need (I think it's) 3.5% of the total price for the down on an FHA owner occupy duplex, rent the other half.

So, now back to the definition of "Investment property"TL;DR - lender is helping me to write the letter in a way that prevents fraud AND allows me STR optionsHere is the definition that was sent to me from my lender regarding the definition: source Freddie Mac second Home Mortgage guidelines The Borrower must occupy the second home for some portion of the yearThe Borrower must keep the property available primarily (i.e., more than half of the calendar year) for the Borrower's personal use and enjoymentThe Borrower may rent the property on a short-term basis provided that the property is not subject to any rental pools or agreements that require the Borrower to rent the property, give a management company or entity control over the occupancy of the property or involve revenue sharing between any owners and the developer or another partyYou were right @John Transue and @Keyla Rosario and @Brent Huling I only need to occupy it part time, and can rent it out with no penalty of fraud. 

If you plan to owner occupy, you should not be placing offers on properties without vacant units.

Rather than base it on "life expectancy" from when it was brand new, I consider remaining life expectancy before the tenant occupied.

The LTR was a house hacked multi that I occupy and rent the other half out.

Is this something to do with occupied buildings and tenants not paying or is it harder to get commercial loans?

Thankful for the experiences now and the property is occupied and renovated and cash flowing!

I would also look up who bought those properties that sold in the same condition and see if they are owner occupied or if an investor bought them.

One investment property with around 150-175 in equity, and another owner occupied duplex with minimal equity.