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

Selling rentals is much different than selling to owner occupied folks.

Additionally, do I only need to live in the property for the first year, or do I have to keep living in it for as long as I have an owner occupied loan?

I originally thought I would find a, owner occupied conventional loan for purchase then hard money for the construction then refinance once it is all fixed up.

Have a solid deal on a condo but HOA has verbage on having 2yrs owner occupied, was going to purchase for turn key or rental.

I bought a fully occupied duplex and needed to move into one of the units since I got an owner-occupied loan and both tenants had several months left on their lease.

81 pads, 79 occupied.

On an Owner-occupied property NO, on and investment/second property yes. 

My son goes to college in Denton and I was thinking a fourplex he could occupy would be a great first investment but again the prices are super high.

:-occupy the home more than 2weeks a year-I would not rent the house more than 180 days on Airbnb- not have the house in a lease that exceeds 30 days - have control of the house at all times ( no property management or long term lease)Everything fell together and my original gave me the green light to proceed.