Some procedures are state specific and some are federal but in general, there are more steps foreclosing on an owner occupied first lien position than others.

the owner may seek their own appraisal; I find it typically strengthens my case as usually both quotes are fairly similar in price to remedy the issue.  

Once the weather hits double digits again, I intend on exploring my neighborhoods and finding / chatting with the owners of local multifamily properties, offering lunch or coffee to those willing to take the time to talk numbers and strategies with a newcomer like me.

We do not lend on owner occupied property. 

Fortunately, a substantial amount of equity has been built up in recent years, and a near-term maturity may serve as a catalyst for owners to take profits and recycle the capital into new ventures.Here are several graphs illustrating the current national commercial industrial market in The United States of America:Full Commercial Industrial Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1183587/United_States-Industrial-Capital_National-2024-01-15_compressed.pdf

I was thinking about targeting non-owner occupied properties where the homeowner owns 2-3 properties where the subject property has 50+% equity, SFH/townhomes, 1953-1988 in specific zip codes, and between $225,000-$500,000 value. 

I want to share where I have found my eight communities, my niche has been parks from 6 to 38 units so nothing too crazy.Park 1-MLSPark 2-Facebook GroupPark 3-I called the owners of the comps for my first park and they gave me the number to another owner interested in selling.Park 4-Wholesale listPark 5-KSL (Like Craigslist)Park 6-Same owner of the KSL onePark 7-MLSPark 8-Facebook Marketplace

The previous owner was renting each unit for 1300/month but did some repairs and renovations before listing this property and we now think we could rent for at least 1500/month.

I'm looking to buy my first creative finance, owner occupy deal.

Excerpt from our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history and all legal history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.