Parking is intended for personal vehicles in working order, and not intended for storage and use of recreational vehicles or work equipment such as trailers, equipment used in construction, landscaping, farming, fishing, forestry, or other occupations, boats, campers, all-terrain vehicles, and snowmobiles, or non-operational vehicles.

In all of my REO work I never had one occupant super pissed at me, even after an eviction.

That would certainly maximize your VA owner occupant benefits.

fha.org and here's an article on ithttp://library.hsh.com/articles/homeowners-repeat-buyers/occupancy-fraud-risks-not-worth-the-rewards.html

@Michael Oldani , the best thing you can do is buy a 3-4 unit building with an FHA owner-occupant loan with 3.5% down payment.

It's disappointing that the law is hard to comply with (even for owner-occupants—what if it snows while you're at work, or what if you're too old or disabled to shovel?!).

You might want to rethink requiring all occupants to be on the rental agreement/lease.I give the applicant a choice of whether to have them on the agreement or as an authorized occupant.  

You're looking at roughly $4500 in annual taxes for every $70k in purchase price for non-owner occupant.

I think you will want to look out for these characteristics:- High renting vs. owner-occupant population.- Low cost of pre-rehab acquisition (10-50k range).- Similar product on the market.

If the loan is with a non owner/occupant, like an investor, then you can self originate as long as the borrower does not live in the property.