If you're owner occupying it is very rare that you need 20% down.3.

With one (and later two) of the bedrooms occupied by my kid(s), the landlord-tenant dynamic will be a little different (I will be, in part, both the landlord and tenant).

Are you doing it so you can owner occupy it?

We had this discussion recently in another thread, but generally an LLC conveys the understanding that it's a business, therefore, non-owner occupied transaction.

You can get up to a four unit as long as you occupy one of them, just as you planned.

Are you planning on owner occupying the property after you purchase the property? 

Considering they are Titled to the land, the only Non-Owner Occupied loan that you can get is a Freddie Mac loan up to 65% LTV with a max. loan term of 20 years.

I’m getting ready to make my first purchase owner occupied duplex.

I know the terms for investment loans are different and usually require around 20% down, but I'm assuming if I can qualify for a regular (owner occupied) loan, I could also qualify for a conventional investment loan?

What you would do is take out a Non-owner occupied cash out loan on the current home.