I have a list of thousands of non-owner occupied owners over the age of 50 with at least 50% equity in their house.

For owner occupied conventional loans in NC, 12 months is usually the requirement to owner occupy the new residence.

Gaining both advantages in taxes and in capital gains (if you’ve occupied the property for 2 of the last 5 years). 

I’ve also read that if there’s a “specific” event and date in the future that would allow you to occupy the property after 60 days, that the lender would consider it.

Shahzad,Depends on the lender/program Freddie has more than one optionss but it can be used if its a true rental and your not occupying any units they will only use 75% of the rental income. 

You need to occupy it/ own it fora  total of 730 days( 365x2) (does not need to be consecutive) within the most recent 1,825 (365x5) days It's literally broken down to the day- so if you live in it for 730 daysThen rent it for 2,000 days You will no longer qualify for the exclusion.

Sale price: $163,500 "Henry I" - 3 Unit, Grand Rapids, MI Brrr#1, July, 2015Purchase price and type: $163,500, 3.5% downLoan Product: 3.5% down, FHA Loan ($5,800)Monthly PITI: About $1100/moRehab: 45-55kRehab length: 2-3 yearsRent: $1050/month (beginning total for 2 occupied units)2018 Refi: streamline FHA cash out, or something like that.

I’ve been fully occupied the last two months and I’m amazed looking back at how much time and money I had been spending on little things to finish and fill a unit.

I bought my first property this year - a SFH in front (where I owner-occupy for now but plan to rent out in 1-2 years) and two ADUs in the back (which I rent out).

Any opinions on when a new construction might be our best play for our next home we owner occupy and plan to rent?